Question

Rs. ’P’ invested at a rate of 15% p.a. compound

Q: Rs. ’P’ invested at a rate of 15% p.a. compound interest (compounded annually) amounts to Rs. 84

Accordingtoquestion115115P8464OrPRs6400Desiredinterest01566400Rs5760

interest (compounded annually) amounts to Rs. 8464 at the end of 2 years. Find the simple interest earned at the end of 6 years if the same amount is invested at the same rate.

A Rs. 5700

B Rs. 5560

C Rs. 5760

D Rs. 5460

E None of these

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Rs. ’P’ invested at a rate of 15% p.a. compound

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