Mahesh deposits a certain sum at 20% per annum, with interest compounded annually. At the end of 2 years, Mahesh receives a total of ₹18,000. What was the sum deposited by Mahesh?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹12,996
- (B) ₹12,500
- (C) ₹12,800
- (D) ₹12,129
Verified Answer
Option (B): ₹12,500
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