Free Practice Question
PS · Problem Solving
705-805
percent
Torres invested $P in a long term investment plan for 24 years at an interest compound annually. But due to some financial issues he had to withdraw money at the end of 6 years.How much more amount could he have gotten after 24 years if he received $3P after 6 years , if it's known that there were no pre-closing charges or deductions in the plan?
Answer Choices
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9P
B
12P
C
72P
D
78P
E
81P
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Explanation
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Difficulty
705-805
Type
PS
Category