A man borrowed some money and agreed to pay-off by paying Rs. 3150 at – McqOptions

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1.	A man borrowed some money and agreed to pay-off by paying Rs. 3150 at the end of the 1st year and Rs. 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is
A.	Rs. 5000
B.	Rs. 6500
C.	Rs. 7000
D.	Rs. 9200
Answer» D. Rs. 9200

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