Question

A sum of money is accumulating at compound interest at a certain rate of interest. If S.I. instead of C.I. were reckoned, the interest for the first two years would be diminished by Rs 20 & that for the first 3 years by Rs. 61
A) 7000
B) 6500
C) 7500
D) 8000

Answer 1

Your answer will be

C). 7500