If the compound interest on a certain sum for 2 years at 10% per annum is $121,

Practice Questions

Q1
If the compound interest on a certain sum for 2 years at 10% per annum is $121, what is the principal amount?
  1. $1000
  2. $1100
  3. $1200
  4. $1300

Questions & Step-by-Step Solutions

If the compound interest on a certain sum for 2 years at 10% per annum is $121, what is the principal amount?
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