Mathematics · Compound Interest
What will be the present value of Rs. 13,230 due two years hence, when the interest is compounded at the rate of 5% per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹12,000✓
- 2₹11,500
- 3₹10,500
- 4₹13,000
Correct answer
₹12,000
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