Question

A man invested a certain amount of sum at 18% per

Q: A man invested a certain amount of sum at 18% per annum simple interest and earned an interest of Rs

divLetthecertainsumofmoneybeRsPdivdivSoPtimes018times218000divdivSoPRs50000divdivDesiredinterest121sup2supndash1times50000Rs23205div

annum simple interest and earned an interest of Rs 18000 after 2 years. If the same amount is invested at 21% per annum compound interest, compounded annually for two years then the interest would be:

A Rs. 46250

B Rs. 34500

C Rs. 22000

D Rs. 23205

E Rs. 33750

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A man invested a certain amount of sum at 18% per

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