An amount of money when invested in compound interest for 2 years at 15% per annum...

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An amount of money when invested in compound interest for 2 years at 15% per annum rate of interest gives an interest of Rs. 6450. After two years, the interest generated is withdrawn and remaining money is invested for one more year at the same rate in compound interest. At the end of 3 years, how much money would be there in total? 1. Rs. 28450 Rs. 28950 Rs. 29450 Rs. 29950 5. Rs. 30950 2. 3. 4. An amount of money when invested in compound interest for 2 years at 15% per annum rate of interest gives an interest of Rs. 6450. After two years, the interest generated is withdrawn and remaining money is invested for one more year at the same rate in compound interest. At the end of 3 years, how much money would be there in total? 1. Rs. 28450 Rs. 28950 Rs. 29450 Rs. 29950 5. Rs. 30950 2. 3. 4.

Answer rating: 100% (QA)

Solution 3 Let the amount of money invested be Rs P Ra... View the full answer