A sum of money becomes Rs. 4500 after two years and becomes Rs. 6750 after 4 years at compound interest. The sum is:
Answer & explanation
Correct answer: option 3
Principal : 2 yes. : 4 yrs.
4500 : 6750
2 : 3
2 : 3 ↵
⇓ ⇓× 1500
⇓× 1500 4500 (given)
3000/-