Correct option is D
ATQ,
Equivalent rate of interest at 10% p.a. for two years when compounded annually =
Required interest = 5000 ×21/100=1050 Rs.
ATQ,
Equivalent rate of interest at 10% p.a. for two years when compounded annually =
Required interest = 5000 ×21/100=1050 Rs.
What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 20% per year rate of interest?
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