A certain sum of money becomes Rs. 3600 in 8 years and Rs. 4500 in 12 years at a certain rate of compound interest. Find the sum.
Answer & explanation
Correct answer: option 3
Prin. : A4 : A8 : A12
3600 : 4500
4 : 5
4 : 5
4 : 5
16 : --- : 25
⇓ ⇓
⇓ × 144
× 144 =3600 (given)
= 2304