A sum of money is invested at a rate of compounded interest

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A sum of money is invested at a rate of compounded interest that is paid out yearly. In the first two years, the interest was ₹400 and ₹420 respectively.The sum is:

[SSC CHSL 10th June 2022 Shift-1 With Answers]

A

₹7,500

B

₹9,530

C

₹8,000

D

₹8,765

EXPLANATION

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