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a compound interest for 4 years at 6 percent us RS 525 FIND PRINCIPaL?.

asked Apr 11, 2014 in Quantitative Aptitude by aslam (107 points) 301 views

1 Answer

0 votes
n
Interest =principal (1+rrate of interest)
                             4    
525=P(1+6/100)
525=P(1.06)(1.06)(1.06)(1.06)
525=P(1.2625)
P=525/1.2625
P=415.84
answered Apr 12, 2014 by Shekhar (54 points)
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