Mathematics · Interest
A person invested a certain sum for four years in a scheme offering a compound interest of 12.5% compounded annually for the first 2 years and simple interest of 20% on the accumulated sum for the rest of the time. If the simple interest received by him is ₹3,809, then find the sum invested by him.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹7,523.95✓
- 2₹7,420.35
- 3₹7,248.25
- 4₹7,328.10
Correct answer
₹7,523.95
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