The compound interest earned on a certain sum in 2 years at 8% per annum, where interest is compounded annually, is ₹166.40. Find the sum (in ₹).

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 1,200
2. (B) 1,100
3. (C) 1,000
4. (D) 1,500

Verified Answer

Option (C): 1,000

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