Chemical Engineering > GATE 2017 > Compound Interest
A bond has a maturity value of 20,000 Rupees at the end of 4 years. The interest is compounded at the rate of 5% per year. The initial investment to be made, rounded to the nearest integer, is

Correct : 16450

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bond valuation compounded interest GATE Chemical Engineering 2017 chemical engineering gate bond maturity value initial investment chemical engineering compound interest calculation GATE 2017 question 53 bond valuation chemical engineering

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