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    Question

    If certain sum of amount becomes Rs. 9024 in 12 years

    and Rs. 13536 in 24 years at a certain rate of compound interest, compounded annually then find the sum.
    A Rs 6016 Correct Answer Incorrect Answer
    B Rs 6024 Correct Answer Incorrect Answer
    C Rs 6624 Correct Answer Incorrect Answer
    D Rs 6036 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Percentage increase in amount in 12 years = [(13536 – 9024)/9024] × 100 = 50%
    Desired sum = 9024/1.5 = Rs. 6016

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