Mathematics · Interest
A invests Rs. (2x + 2000) in a simple interest scheme at the rate of 30% per annum for 2 years. After 2 years, the interest he received from the scheme is Rs. (x + 2100). If an amount of Rs. x is invested in a compound interest scheme at 30% per annum for 2 years, what will be the compound interest after 2 years?
- 1Rs. 3300
- 2Rs. 3105✓
- 3Rs. 2100
- 4Rs. 1985
Correct answer
Rs. 3105
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