Question

A certain sum of money yields Rs. 8,334 as compound interest for 3 years at 15% per annum. Calculate the approximate compound interest on the same amount of sum for 4 years at 10 % per annum.

A 9,500 Correct Answer Incorrect Answer
B 8,425 Correct Answer Incorrect Answer
C 7,500 Correct Answer Incorrect Answer
D 7425 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

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