Question

Raghav placed an amount of Rs. 'x' in an account with an annual compound interest rate of R%. After 3 years, the compounded annual amount is Rs.12167. Additionally, if Rs.7250 is invested at a simple interest rate of R% per annum, yielding Rs. 11600 after 4 years, determine the value of 'x'.

A 6500
B 5500
C 7500
D 8000
E none of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query