Mathematics · Interest
Laxminarayan deposited a certain sum of money at 20% rate of interest per annum, compounded annually. At the end of 2 years, he received a total amount of ₹49,428. What was the sum of money (in ₹) deposited by Laxminarayan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 134,417
- 234,325✓
- 334,438
- 434,200
Correct answer
34,325
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