BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
Prashant invested some amount of money in a bank and received Rs. 2916 after two years, the bank offers an 8% p.a. rate of compound interest. If he has invested the same amount in another bank that offers a 9% rate of simple interest, find the amount received by him from another bank after 3 years.
1
Rs. 3100
2
Rs. 3275
3
Rs. 3150
4
Rs. 3175
5
None of these