Question

Rs. (3y + 600) is invested at 40% p.a. compound interest, compounded annually for 2 years, and earns an interest of Rs. (4y - 1200). Determine the value of ‘y’.

A 1500 Correct Answer Incorrect Answer
B 1584 Correct Answer Incorrect Answer
C 1652 Correct Answer Incorrect Answer
D 1200 Correct Answer Incorrect Answer
E none of these Correct Answer Incorrect Answer

Solution

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