Question

The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 150. If Rs. (P + 1600) is invested at the same rate p.a., then find the compound interest, compounded annually earned after 3 years.

A Rs. 3812.5
B Rs. 2912
C Rs. 3125.25
D Rs. 3591
E Rs. 3355
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