Q: A certain sum of money was lent for a period of 1 year 9 month at a rate of 10% per annum compounded annually. If the compound interest is `1460. Find the amount of money lent.
A.
`8,000
B.
`6,000
C.
`7,500
D.
`8,200
Correct Answer:
Option A -
Explanations:
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