Teaching CTET (Paper 1 & Paper 2) Mock Test Series 2025 Quantitative Aptitude Interest Simple and Compound Both
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?
1
4430
2
5450
3
5290
4
4970