Mathematics · Compound Interest
Mr. Sharma invested a certain amount in a financial company at a 10% per annum interest rate, compounded annually for two years. He lent out the interest earned from this scheme to Mr. Verma at a rate of 3% per annum simple interest. After 2 years, Mr. Verma paid Rs. 3,339 to Mr. Sharma to clear the total loan and interest. What was the actual amount invested by Mr. Sharma in the financial company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 12,000
- 2Rs. 10,500
- 3Rs. 17,000
- 4Rs. 15,000✓
Correct answer
Rs. 15,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Mathematics?
Practice full-length Mathematics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Compound Interest MCQs →Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest