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
B Rs.1724.14
C Rs.3700.25
D Rs.2684.64
E none of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query