The compound interest accrued on a certain principal for 2 years at 15% per annum, compounded annually, is ₹4,837.50. Find the principal.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹14,000
2. (B) ₹15,000
3. (C) ₹12,000
4. (D) ₹13,000

Verified Answer

Option (B): ₹15,000

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