Mathematics · Compound Interest
Rahul invested a certain sum for two years at 60% p.a. compound interest, compounded annually. If at the end of two years he received an interest of ₹11,700, then how much did he initially invest?
- 1₹7,250
- 2₹7,500✓
- 3₹8,000
- 4₹7,750
Correct answer
₹7,500
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