Question
Mathematics Question on SI & CI
A sum invested at compound interest amounts to ₹8,800 in 1 year and to ₹10,648 in 3 years. Calculate the rate percent and the sum.
A
10 and ₹ 8,000
B
12 and ₹ 5,000
C
10 and ₹ 6,000
D
12 and ₹ 8,000
Answer
10 and ₹ 8,000
Explanation
Solution
The correct option is (A) : 10 and ₹ 8,000.