Mathematics for FinanceMTP Mar 21Question 1314 of 422
All Questions

$8,000$ becomes $10,000$ in two years at simple interest. The amount that will become $6,875$ in $3$ years at the same rate of interest is:

Options

A$4850$
B$5000$
C$5500$
D$5275$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option b$5000$

All Options:

  • A$4850$
  • B$5000$
  • C$5500$
  • D$5275$

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