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Mr. Zaman is planning to buy a television after two years time from now. He expects that after two years he will need Tk. 12,100 to buy the television. How much money does Mr. Zaman need to invest now at 10% interest rate compounded annually?

A. Tk. 10,000

B. Tk. 13,350

C. Tk. 13,310

D. Tk. 14,250

E. Tk. 11,000

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DUIBAসাধারণ গণিতসাধারণ ও যৌগিক মুনাফাচক্রবৃদ্ধি মুনাফা (C=P(1+r)^n) (Topic Practice)DU - ⚡ অনলাইন প্রশ্নব্যাংক দেখুন 💥

Explanation: Compounded Amount \(= P(1+r)^n\). Given Amount \(= 12,100\), \(n=2\) years, \(r=10\%\) or \(0.10\). \(\therefore 12,100 = P(1+0.10)^2 \Rightarrow P = \frac{12,100}{(1.10)^2} = \frac{12,100}{1.21} = 10,000\).

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Mr. Zaman is planning to buy a television after two years time from now. He expects that after two years he will need Tk. 12,100 to buy the television. How much money does Mr. Zaman need to invest now at 10% interest rate compounded annually?