Question

A man invested a certain amount of sum at 12.5% per

Q: A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of

LetthecertainsumofmoneybeRsPSoPx0125x32400PRs6400Desiredinterest12sup2sup1x5600Rs2816

annum simple interest and earned an interest of Rs.2400 after 3 years. If the same amount is invested at 20% per annum compound interest, compounded annually for two years, then find the interest.

A Rs.1512

B Rs.2816

C Rs.2464

D Rs.1760

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A man invested a certain amount of sum at 12.5% per

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