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

LetthecertainsumofmoneybeRsPSoPx0125x52500PRs4000Desiredinterest11sup2sup1x4000Rs840

annum simple interest and earned an interest of Rs.2500 after 5 years. If the same amount is invested at 10% per annum compound interest, compounded annually for two years, then find the interest.

A Rs.812

B Rs.966

C Rs.840

D Rs.924

E None of these

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

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