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

Relevant for Exams:

Hey! Ask a query