Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is i…

Question

Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is invested at the same rate.

PYQPulse · Accepted Answer

Rs. 2560

PYQPulse · Answer

Explanation: According to question; 1.10 × 1.10 × P = 7744 Or, P = Rs. 6400 Desired interest = 0.1 × 4 × 6400 = Rs. 2560

Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is invested at the same rate.

Answer: C. Rs. 2560

Explanation

Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is invested at the same rate.

Answer: C. Rs. 2560

Explanation