Question

A man invested a certain amount of sum at 20% per annum simple interest and earned an interest of Rs 3500 after 4 years. If the same amount is invested at 24% per annum compound interest, compounded annually for two years then the interest would be:

A Rs. 4625
B Rs. 3450
C Rs. 2352
D Rs. 4468
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)