Ravi lent Ramu a certain sum of money as the rate of `2(1/2)%` per annum, interest compounded annually. After two years, Rami paid a sum Rs 2560 to Ravi. What amount of money did Ramu borrow from Ravi?A. Rs 2036.64B. Rs 2236.64C. Rs 243.64D. Rs 2636.64

Ravi lent Ramu a certain sum of money as the rate of `2(1/2)%` per ann

1.	Ravi lent Ramu a certain sum of money as the rate of `2(1/2)%` per annum, interest compounded annually. After two years, Rami paid a sum Rs 2560 to Ravi. What amount of money did Ramu borrow from Ravi?A. Rs 2036.64B. Rs 2236.64C. Rs 243.64D. Rs 2636.64
Answer» Correct Answer - C `A=P(1+R/100)^(N)` A=Rs 2560, `R=2(1/2)%,n=2` years, find P.

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Ravi lent Ramu a certain sum of money as the rate of `2(1/2)%` per annum, interest compounded annually. After two years, Rami paid a sum Rs 2560 to Ravi. What amount of money did Ramu borrow from Ravi?A. Rs 2036.64B. Rs 2236.64C. Rs 243.64D. Rs 2636.64

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