Mathematics · Interest
The compound interest earned on investing Rs. 'x' for 2 years at 15% p.a., compounded annually, is Rs. 3,870. The simple interest earned on investing Rs. 6,400 for 4 years at 12.5% p.a. is:
- 1Rs. (0.25x + 200)✓
- 2Rs. (0.3x + 400)
- 3Rs. (0.2x + 750)
- 4Rs. 0.25x
Correct answer
Rs. (0.25x + 200)
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