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    4. Simple and compound interest
    5. An investment of ₹15,000 is made for 4 years at an annual compound interest rate of 6%. After 2 ye

    Question

    An investment of ₹15,000 is made for 4 years at an

    annual compound interest rate of 6%. After 2 years, ₹5,000 is withdrawn. Calculate the approximate amount remaining at the end of 4 years.
    A 12978 Correct Answer Incorrect Answer
    B 13319 Correct Answer Incorrect Answer
    C 13785 Correct Answer Incorrect Answer
    D 13980 Correct Answer Incorrect Answer
    E 14217 Correct Answer Incorrect Answer

    Solution

    Practice Next
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