railway RPF SI Mock Test Series 2024 Quantitative Aptitude Interest Compound Interest

₹x were borrowed at the compound interest rate of 5% per annum, 3 years back, where interest were compounding annually. If the present value of the money borrowed is ₹18,522, what is the value of x?

1

₹16,000

2

₹15,500

3

₹15,000

4

₹16,500

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