Mathematics · Compound Interest
An initial investment X at a certain rate of interest compounded annually amounts to Rs. 4500 in 1 year and Rs. 5400 in 2 years. What is the value of X?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3800
- 2Rs. 4000
- 3Rs. 3750✓
- 4Rs. 3600
Correct answer
Rs. 3750
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