Mathematics for FinancePYQ Jul 21Question 1224 of 422
All Questions

A sum of $7,500$ amounts to $9,075$ at $10\%$ p.a., interest being compounded yearly in a certain time. The simple interest on the same sum for the same time and the same rate is:

Options

A$1,000$
B$1,250$
C$1,800$
D$1,500$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$1,000$

All Options:

  • A$1,000$
  • B$1,250$
  • C$1,800$
  • D$1,500$

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free