A) Rs. 390
B) Rs. 395
C) Rs. 400
D) Rs. 405
Correct Answer: C
Solution :
Given that \[A=Rs.\,441,\] \[r=5%\] and \[n=2\,yr\] \[\therefore \] \[441=P\left[ {{\left( 1+\frac{5}{100} \right)}^{2}} \right]\] \[\Rightarrow \] \[441=P\left( \frac{441}{400} \right)\] \[\Rightarrow \] \[P=\frac{441\times 400}{441}=Rs.400\]You need to login to perform this action.
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