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      Question

      Rs. ’P’ invested at a rate of 10% p.a. compound

      interest (compounded annually) amounts to Rs. 7865 at the end of 2 years. Find the simple interest earned at the end of 6 years if the same amount is invested at the same rate.
      A Rs. 3800 Correct Answer Incorrect Answer
      B Rs. 4000 Correct Answer Incorrect Answer
      C Rs. 3900 Correct Answer Incorrect Answer
      D Rs. 3950 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      According to question; 1.1 Γ— 1.1 Γ— P = 7865 Or, P = Rs. 6500 Desired interest = 0.1 Γ— 6 Γ— 6500 = Rs. 3900

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