Numerical - Calculate deposited money, given compound rate of interest 8%, number of year 10 and compounded amount Rs 2,00,000

Q.  A sum of money is deposited in a SB account. If it is compounded annually at the rate of 8%, after 10 years it will become Rs 2,00,000. Then the sum of money is
- Published on 06 Oct 15

a. Rs 92638.7
b. Rs 95233.1
c. Rs 96924.5
d. Rs 98888.1

ANSWER: Rs 92638.7

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