Given:
- Compound Interest (CI) for 2 years = ₹369
- Rate of interest = 5% per annum
- Time period = 2 years
For compound interest, the amount after n years is:
A=P(1+100r)n
Where A is the final amount, P is the principal, r is the rate, and n is the number of years.
Substituting the given values:
A=P(1+1005)2
A=P(1.05)2
A=P×1.1025
Compound Interest is the difference between Amount and Principal:
CI=A−P
CI=P(1.1025)−P
CI=P(1.1025−1)
CI=P×0.1025
Substituting CI = ₹369:
369=P×0.1025
P=0.1025369
P=3600
Therefore, the principal amount is ₹3600.
The answer is option 2.