If we want ₹8,640 three years from now and the compounded

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If we want ₹8,640 three years from now and the compounded interest rate is 20% p.a how much should we invest today? (assuming interest is compounded yearly)

[SSC CHSL 3rd June 2022 Shift-2 With Answers]

A

₹4,500

B

₹5,000

C

₹6,000

D

₹5,500

EXPLANATION

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