Mahesh deposits a certain sum at 20% per annum, with interest compounded annually. At the end of 2 years, Mahesh receives a total of ₹26,316 as the amount. What was the sum deposited by Mahesh?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹18,539
- (B) ₹18,275
- (C) ₹18,607
- (D) ₹17,872
Verified Answer
Option (B): ₹18,275
Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bf90-1475-7027-9bf0-2053e2f6033b/mahesh-deposits-a-certain-sum-at