Mathematics · Compound Interest
Three years ago, Amit invested ₹2.3 million in Company A's shares, earning a 9% annual compounded return. Two years ago, he invested ₹2.2 million in Company B's shares, earning a 12% annual compounded return. What is the approximate combined present value of his investments in both companies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹63.90 Lakhs
- 2₹59.30 Lakhs
- 3₹69.30 Lakhs
- 4₹57.38 Lakhs✓
Correct answer
₹57.38 Lakhs
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