Question:
If the interest earned on a sum of money invested for 3 years at the annual interest rate of \(10\%\) compounded annually is Rs.14,895, then what is the sum of money invested?
If the interest earned on a sum of money invested for 3 years at the annual interest rate of \(10\%\) compounded annually is Rs.14,895, then what is the sum of money invested?
Updated On: Oct 22, 2024
- Rs.45,000
- Rs.42,500
- Rs.36,000
- Rs.48,000
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The Correct Option is A
Solution and Explanation
The correct answer is (A),Rs.45,000
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