Mathematics · Interest
A certain sum amounts to Rs. 14,641 in 4 years at 10% p.a. when interest is compounded annually. What will be the amount of the same sum (in Rs.) in 3(2/5) years at the same rate at simple interest?
- 113,600
- 213,200
- 314,000
- 413,400✓
Correct answer
13,400
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