The compound interest earned in two years at 15% per annum is Rs 20640 . What is the sum invested (in Rs)?
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The compound interest earned in two years at 15% per annum is Rs 20640 . What is the sum invested (in Rs)?
✓ Correct answer: a) 64000
ExplanationGiven, Rate of Interest (R) = 15 % Compound Interest(C.I) = Rs 20640 Time (T) = 2 years Let, sum invested (Principal) = Rs P We know P = 64000 Hence, Sum invested = Rs 64000 Hence, Option A is the correct answer.
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