A sum of money becomes Rs.840 after three years and becomes Rs.960 after 4 years at compound interest. The sum is:
Answer & explanation
Correct answer: option 3
Principal : 3 yrs. : 4 yrs.
840 : 960
7 : 8
7 : 8 ↵
⇓ ⇓× 105
⇓× 105 840 (given)
735/-
A sum of money becomes Rs.840 after three years and becomes Rs.960 after 4 years at compound interest. The sum is:
Correct answer: option 3
Principal : 3 yrs. : 4 yrs.
840 : 960
7 : 8
7 : 8 ↵
⇓ ⇓× 105
⇓× 105 840 (given)
735/-