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How much should you invest today at 10 compound interest annually...

This question belongs to Arithmetic Ability Compound Interest
Compound Interest
?

How much should you invest today at 10% compound interest annually, to accumulate Rs. 1,61,051 in 5 years?

Answer & Solution
Correct Answer: Option B
$$\eqalign{ & {\text{Rate}} = 10\% = \frac{1}{{10}} \cr & {\text{Time}} = 5\,{\text{years}} \cr} $$
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