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A sum of money was invested for 3 years, interest being compounded annually. If the rates for successive years were 10% 15% and 18% respectively. if the compound interest for the second year amounted to rupees 4950, find the sum invested. |
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Answer» A sum of money was invested for 3 years, interest being compounded annually. If the rates for successive years were 10% 15% and 18% respectively. if the compound interest for the second year amounted to rupees 4950, find the sum invested. |
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