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Question
Mathematics
A certain sum amounts to ₹ 7935 in 2 years and ₹9125.25 in 3 years, under compound interest. Find the sum borrowed if interest is compounded annually (in ₹).
Q. A certain sum amounts to
₹7935
in 2 years and ₹9125.25 in 3 years, under compound interest. Find the sum borrowed if interest is compounded annually (in ₹).
47
158
Simple Interest and Compound Interest
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A
6000
B
7500
C
8000
D
10,000
Solution:
Correct answer is (a) 6000