Question
Quantitative Aptitude Question on SI & CI
Mike invested 1,000 at simple interest. If the amount became 3 times in 12.5 years then what will be the total amount of the investment after 25 years?
A
₹ 3000
B
₹ 5000
C
₹ 7000
D
₹ 9000
Answer
₹ 5000
Explanation
Solution
The correct answer is (B): ₹ 5000