A invested a sum of Rs.20000.1 for 2 years and 10 days at the rate of 11% p.a.…
IBPS · PO · Prelims · 2023
A invested a sum of Rs.20000.1 for 2 years and 10 days at the rate of 11% p.a. at compound interest. The amount he receives after two years again invested for same time at same interest rate in simple interest. Find the approximate simple interest he received.
- A.
Rs.5421
- B.
Rs.5309
- C.
Rs.5390
- D.
Rs.5445
- E.
Rs.5530
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Correct answer: A
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