Time Value of Money

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Question : 38 of 99

Marks: +1, -0

On what sum will the compound interest at

5 \%

p.a. for 2 yrs compounded annually be

\₹ 1,640 ?

$\₹ 16,000$
$\₹ 17,000$
$\₹ 18,000$
$\₹ 19,000$

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