Question

A sum of money is invested at compound interest for 3 years. However, the rate of interest is$10\%$for first year,$15\%$for second year and$20\%$for third year. If the total interest earned is Rs.15,540, then what was the sum of money invested?

• A. Rs.25,000
• B. Rs.40,000
• C. Rs.30,000
• D. Rs.36,000

Answer 1

Answer: (C)

Rs.30,000

Answer 2

The correct answer is (C),Rs.30,000