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A sum amounts to Rs 18,600 after 3 year...

A sum amounts to Rs 18,600 after 3 years and to Rs 27,900 after 6 years, at a certain rate percent P.a., when the interest is compounded annually. The sum is:

A

Rs 11,800

B

Rs 12,400

C

Rs 14,400

D

Rs14,600

Text Solution

Verified by Experts

The correct Answer is:
B
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