Gitesh took a loan for 4 years at 5% Compound Interest. If the total i – McqOptions

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1.	Gitesh took a loan for 4 years at 5% Compound Interest. If the total interest paid was Rs. 431.01, Calculate the principal.
A.	Rs. 2000
B.	Rs. 2050
C.	Rs. 2100
D.	Rs. 2150
Answer» B. Rs. 2050

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