A sum of money amounts to Rs 6690 after 3 years and Rs ... – Arithmetic

Arithmetichard · Past Paper

A sum of money amounts to Rs 6690 after 3 years and Rs 10035 after 6 years on compound interest. The sum is:

ARs 4400

BRs 4460

CRs 4500

DRs 4600

✓ Correct Answer: B — Rs 4460

P(1+r)^3 = 6690, P(1+r)^6 = 10035. Divide: (1+r)^3 = 10035/6690 = 1.5. P = 6690/1.5 = 4460.

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