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?

• A. Rs.45,000
• B. Rs.42,500
• C. Rs.36,000
• D. Rs.48,000

Answer 1

Answer: (A)

Rs.45,000

Answer 2

The correct answer is (A),Rs.45,000