SSC IB ACIO Grade II Mock Test 2023 Quantitative Aptitude Interest Compound Interest

A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is

1
Rs 5000
2
Rs 6500
3
Rs 7000
4
Rs 9200
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