Mathematics · Compound Interest
A certain sum of money becomes Rs. 28,800 in 2 years at 20% per annum compound interest, compounded annually. What is the original sum of money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 20,000✓
- 2Rs. 21,000
- 3Rs. 22,000
- 4Rs. 24,000
Correct answer
Rs. 20,000
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