Question

Rs. 90Y when invested for 5 years at simple interest of 12% p.a., yields an interest of Rs. 2700. If Rs. 110Y is invested for 3 years at compound interest (compounded annually) of 8% p.a., then find the amount received.

A RS.5000
B Rs.4230
C Rs.6922
D Rs.3571
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query