How much should you invest today at 10% compound interest annually, to accumulate Rs. 1,61,051 in 5 years?
A. Rs. 1,11,100
B. Rs. 1,00,000
C. Rs. 1,10,000
D. Rs. 1,11,000
Answer: Option B
Solution (By Examveda Team)
$$\eqalign{ & {\text{Rate}} = 10\% = \frac{1}{{10}} \cr & {\text{Time}} = 5\,{\text{years}} \cr} $$
This Question Belongs to Arithmetic Ability >> Compound Interest
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