Question

The interest earned when a sum is invested at simple interest of 10% p.a., for 3 years, is Rs. 6000. What will be the total amount received after 2 years on investing the same sum at compound interest (compounded annually) of 8% interest p.a.?

A Rs. 20328
B Rs. 23308
C Rs. 23328
D Rs. 23928
Practice Next

More Simple and compound interest Questions

Hey! Ask a query