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A sum of Rs. 4000 becomes Rs. 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?
  • a)
    4430
  • b)
    5450
  • c)
    5290
  • d)
    4970
Correct answer is option 'C'. Can you explain this answer?
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A sum of Rs. 4000 becomes Rs. 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?a)4430b)5450c)5290d)4970Correct answer is option 'C'. Can you explain this answer?
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A sum of Rs. 4000 becomes Rs. 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?a)4430b)5450c)5290d)4970Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A sum of Rs. 4000 becomes Rs. 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?a)4430b)5450c)5290d)4970Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of Rs. 4000 becomes Rs. 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?a)4430b)5450c)5290d)4970Correct answer is option 'C'. Can you explain this answer?.
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