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Official PYQ · 2018

GATE EC 2018 Set 1 Q6 — General Aptitude

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Leila aspires to buy a car worth Rs.10,00,00010,00,000 after 55 years. What is the minimum amount in Rupees that she should deposit now in a bank which offers  10%10\% annual rate of interest,  if the interest was compounded annually?

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Answer: B

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