Mathematics · Interest
The interest earned on Rs. 4800 at a rate of R% compounded annually is Rs. 1008 after 2 years. What would be the simple interest earned on the same amount at the rate of (R + 5)% per annum after 3 years?
- 1Rs. 2160✓
- 2Rs. 1620
- 3Rs. 1740
- 4Rs. 2480
Correct answer
Rs. 2160
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