If a compound interest of Rs 420 is gained at a rate of 5% per annum on a principal in the second year, what is the principal amount?

If a compound interest of Rs 420 is gained at a rate of 5% per annum o

1.	If a compound interest of Rs 420 is gained at a rate of 5% per annum on a principal in the second year, what is the principal amount?
A.	Rs. 5,000
B.	Rs. 6,000
C.	Rs. 7,000
D.	Rs. 8,000
Answer» E.

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If a compound interest of Rs 420 is gained at a rate of 5% per annum on a principal in the second year, what is the principal amount?

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