A person borrowed a sum of Rs. X every year (for 3 years) at 10% compound interest (interest compounded annually). If at the end of 3 years, the total amount he had to pay was Rs. 36,410, then what is the value of X?

A person borrowed a sum of Rs. X every year (for 3 years) at 10% compo

1.	A person borrowed a sum of Rs. X every year (for 3 years) at 10% compound interest (interest compounded annually). If at the end of 3 years, the total amount he had to pay was Rs. 36,410, then what is the value of X?
A.	Rs. 9,500
B.	Rs. 9,800
C.	Rs. 10,000
D.	Rs. 12,000
Answer» D. Rs. 12,000

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A person borrowed a sum of Rs. X every year (for 3 years) at 10% compound interest (interest compounded annually). If at the end of 3 years, the total amount he had to pay was Rs. 36,410, then what is the value of X?

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