Q. The maturity value of a certain sum after two years at 20% p.a. interest compounded annually is Rs. 14,400/-. Find the Principal amount.
A) Rs.9500
B) Rs.9000
C) Rs.10,500
D) Rs.10,000
✔ Correct Answer: Rs.10,000
Exam Insight
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A) Rs.9500
B) Rs.9000
C) Rs.10,500
D) Rs.10,000
✔ Correct Answer: Rs.10,000
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