Question

Ajay invested a sum of money, represented as Rs. 'x', in a financial plan that yields a 10% annual compound interest. After three years, the total interest accrued amounted to Rs. 3,641. Determine the initial amount 'x' that Ajay invested.

A Rs. 10,000
B Rs. 10,500
C Rs. 11,000
D Rs. 11,500
E None of these
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