Mathematics · Compound Interest
If we want ₹8,640 three years from now and the compounded interest rate is 20% p.a., how much should we invest today? (assuming interest is compounded yearly)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹6,000
- 2₹5,500
- 3₹4,500
- 4₹5,000✓
Correct answer
₹5,000
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