BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Compound Interest

Rahul invested a certain sum for two years at 60% p.a. compound interest, compounded annually. If at the end of two years he received interest of ₹11,700, then how much did he initially invest?

1
₹7,750
2
₹8,000
3
₹7,500
4
₹7,250
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