Mathematics for FinanceMTP Mar 22Question 1344 of 479
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The difference between the simple and compound interest on a certain sum of 3\displaystyle 3 years at 5%\displaystyle 5\% p.a is 22.75\displaystyle 22.75. The compound interest on the sum of for 2\displaystyle 2 years at 5%\displaystyle 5\% per annum is

Options

A3175\displaystyle 3175
B3075\displaystyle 3075
C3275\displaystyle 3275
D2975\displaystyle 2975
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Correct Answer

Option b3075\displaystyle 3075

All Options:

  • A3175\displaystyle 3175
  • B3075\displaystyle 3075
  • C3275\displaystyle 3275
  • D2975\displaystyle 2975

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