Question

Rs. ’P’ invested at a rate of 10% p.a. compound

Q: Answer-Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 a...

According to question 1.10 1.10 P 7744 Or, P Rs. 6400 Desired interest 0.1 4 6400 Rs. 2560

interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is invested at the same rate.

A Rs. 2500

B Rs. 2460

C Rs. 2560

D Rs. 2760

E None of these

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IBPS SO

Rs. ’P’ invested at a rate of 10% p.a. compound

Solution

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