Mathematics · Compound Interest
A certain sum amounts to Rs. 9,261 in 3 years at 5% per annum, with interest compounded annually. What is the simple interest (in Rs.) on the same sum for 33/4 years at the same rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,560
- 2Rs. 1,620✓
- 3Rs. 1,500
- 4Rs. 1,350
Correct answer
Rs. 1,620
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