The maturity value of a certain sum after two years at 20% p.a. intere – McqOptions

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1.	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.9000
B.	Rs.9500
C.	Rs.10,000
D.	Rs.10,500
Answer» D. Rs.10,500

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