Q. CI on a sum for 2 years at 4% p.a compounded annually is ₹326.40. What is the principal?
✅ Correct Answer: (A)
₹4000
Explanation: CI = P[(1.04)² − 1] = 0.0816P → 0.0816P = 326.40 → P = 4000.
Explanation by: Mr. Dubey
CI = P[(1.04)² − 1] = 0.0816P → 0.0816P = 326.40 → P = 4000.