Geeta deposited a certain sum of money in her bank account which amounted to ₹27,783 in 3 years at 5% per annum, the interest being compounded annually. What amount did she deposit?

1. A.₹24,000✓ Correct
2. B.₹25,500
3. C.₹26,000
4. D.₹25,000

More Compound Interest questions

• → A farmer borrowed ₹1,32,000 from a money lender to do cultivation in his field. The rate of interest is 12.5% …
• → A sum of ₹1200 is invested at compound interest (compounded half yearly). If the rate of interest is 10% per a…
• → What will be the compound interest on a sum of ₹1200 for 2 years at the rate of 20% per annum when the interes…