A sum of money invested at compound interest amounts to Rs. 4624 in 2…

Question

A sum of money invested at compound interest amounts to Rs. 4624 in 2 years and Rs. 4913 in 3 years. The sum of money is = ?

Accepted Answer

Option A. Rs. 4096. Answer & Solution Answer: Option A Solution: S.I. on Rs. 4624 for 1 year & = Rs. ( 4913 - 4624 ) & = Rs. 289 & Rate = ( 100 × 2894624 × 1 )\% & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 61/4\% & Now, & x ( 1 + 25400 )^2 = 4624 & x × 1716 × 1716 = 4624 & x = ( 4624 × 1617 × 1617 ) & x…