Mathematics · Interest
Mohan invests Rs. 8,000 on compound interest at (R + 4)% p.a. (compounded annually). He receives a total amount of Rs. 10,648 after three years. Find the simple interest earned by investing Rs. 12,000 at (R + 2)% p.a. for three years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,000
- 2Rs. 2,880✓
- 3Rs. 2,720
- 4Rs. 2,640
Correct answer
Rs. 2,880
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