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      Question

      A sum of money invested at 18% per annum simple interest

      for 3 years earns Rs. 540 more interest than it does when invested at 15% per annum compound interest for 2 years. Calculate the amount received when the same sum is invested at 25% per annum simple interest for 4 years.
      A Rs.3724.14 Correct Answer Incorrect Answer
      B Rs.1724.14 Correct Answer Incorrect Answer
      C Rs.3700.25 Correct Answer Incorrect Answer
      D Rs.2684.64 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the principal amount be Rs. P. The amount received at 25% per annum simple interest for 4 years is:

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