Arithmetichard · Past Paper

A certain sum amounts to Rs 7350 in 2 years and to Rs 8575 in 3 years at compound interest. Find the sum.

ARs 5400
BRs 5200
CRs 5480
DRs 5600

✓ Correct Answer: ARs 5400

Rate = (8575-7350)/7350 = 1225/7350 = 1/6. P = 7350 / (1 + 1/6)^2 = 7350 * (36/49) = 150 * 36 = 5400.

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