Mathematics · Compound Interest and Simple Interest
A sum amounts to Rs. 7776 at 20% p.a. for 2 years, if it is compounded annually. If the same sum is invested at 10% p.a. compound interest for the same time period and thrice the sum is invested at 7% p.a. simple interest for 5 years, then find the sum of total interest received.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8000
- 2Rs. 6300✓
- 3Rs. 5704
- 4Rs. 6704
Correct answer
Rs. 6300
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