Same topic3 marksDifficulty: Medium
Find the compound interest on ₹8,000 for 2 years at 10% per annum, compounded annually.
Compound Interest
3 marksDifficulty: Medium
A sum of money amounts to ₹9,261 in 3 years at 5% per annum compounded annually. Find the sum.
Original Khojo Papers practice question — not from a past board paper.
Answer
₹8,000
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
If P is the sum then P × (1.05)3 = 9,261. Since (1.05)3 = 1.157625, P = 9,261 ÷ 1.157625 = ₹8,000.
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