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An amount of money appreciates to Rs. 70...

An amount of money appreciates to Rs. 7000 after 4 years and to Rs. 10000 after 8 years at a certain compound interest compounded annually. The initial amount for money was :

A

A) `Rs. 4,700 `

B

B) `Rs. 4,900`

C

C) `Rs.4,100 `

D

D) `Rs.4,300`

Text Solution

Verified by Experts

The correct Answer is:
B
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