railway DFCCIL Junior Executive 2023 (CBT 1 & CBT 2) Mock Test Quantitative Aptitude Interest Compound Interest
A certain sum was invested at 40% p.a. compound interest for two years and the interest was compounded annually. If the interest was compounded half-yearly, the amount payable on maturity after two years would have been ₹4,544 more. What was the sum invested?
1
₹37,500
2
₹42,000
3
₹42,500
4
₹40,000