Question

A sum of money at a specific annual simple interest rate grows to Rs. 2900 in 3 years and Rs. 3500 in 5 years. Calculate the interest earned when this same amount is invested at a rate of 25% p.a. compounded annually for 2 years.

A Rs.1025
B Rs.1225
C Rs.1125
D Rs.1025
E None of these
Practice Next

Relevant for Exams:

Hey! Ask a query