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    Question

    A sum of money becomes ₹ 3,364 at a rate of 16%

    compounded annually for 2 years. The sum of money is:
    A ₹2,500 Correct Answer Incorrect Answer
    B ₹1,800 Correct Answer Incorrect Answer
    C ₹3,800 Correct Answer Incorrect Answer
    D ₹2,200 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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