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On a sum invested at compound interest, the interest credited for the second year is ₹1320 and the interest credited for the third year is ₹1452. The sum invested (in ₹) was:

Competition practiceRatio, Percentage & Commercial Math
  • A12000
  • B13200
  • C10000
  • D13320

Step-by-Step Solution

Each year's interest is the previous year's interest grown by the rate, so 1452/1320 = 1.10 gives %. The second year's interest is earned on the first year's amount: → = ₹12000. (Year by year: 12000 → 13200 → 14520 → 15972, with interest 1200, 1320, 1452.)
Answer: A) 12000

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