Mathematics · Interest
A certain sum amounts to Rs. 14,641 in 4 years at 10% p.a., when the interest is compounded annually. What will be the simple interest on the same sum in 3(1/2) years at the same rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,500✓
- 2Rs. 2,800
- 3Rs. 3,000
- 4Rs. 4,200
Correct answer
Rs. 3,500
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