A certain sum amounts to Rs. 4205.55 at 15% p.a. in 2\(\frac{2}{5}\) years, interest compounded yearly. Find triple of sum.
Answer & explanation
Correct answer: option 2
Total amount = 11214.8
amount given = 4205.55
11214.8 R = 4205.55
R = 0.375
8000 R = 3000
triple of sum = 9000