engineering recuitment PGCIL Junior Technician Trainee (Electrician) Mock Test 2023 Quantitative Aptitude Interest Simple and Compound Both
The difference between the interest payable on a sum invested for three years at 20% compound interest per annum compounded annually and 20% simple interest per annum for the same period is ₹448. What is the value of the sum invested?
1
₹3,750
2
₹4,000
3
₹3,500
4
₹3,000