Mathematics · Interest
Ramesh invests a certain sum at R% per annum compound interest compounded annually. The amount becomes ₹18,000 after 2 years and ₹21,600 after 3 years. Find the simple interest if the same principal sum is invested for 2 years at the same rate of R% per annum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹5,900
- 2₹5,800
- 3₹5,000✓
- 4₹5,100
Correct answer
₹5,000
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