Mathematics · Compound Interest
The ratio of the difference between Compound Interest (CI) and Simple Interest (SI) at r% per annum for 3 years to that for 2 years is 25 : 8. Find the compound interest earned on Rs. 3200 in 2 years at an annual rate of (r + 7.5)%, compounded annually.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1160
- 2Rs. 1408✓
- 3Rs. 1250
- 4Rs. 1640
Correct answer
Rs. 1408
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