Question

The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 30% p.a. for 2 years, is Rs. 180. If Rs. (P + 1000) is invested at the same rate p.a., then find the compound interest, compounded annually earned after 3 years.

A Rs. 3591
B Rs. 3355
C Rs. 3050
D Rs. 3822
E Rs. 2548
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