Question

The interest received on investing Rs. 20,000 for 3 years at simple interest of 'y%' p.a. is Rs. 3,000. Find the total amount received on investing Rs. 16,000 for 2 years at compound interest of 'y%' p.a., compounded annually.

A Rs. 18,400
B Rs. 17,250
C Rs. 17,640
D Rs. 18,120
E Rs. 19,000
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query