Question
Quantitative Aptitude Question on Compound Interest
The difference between simple interest and compound interest on a certain sum of money for 3 years at 10% per annum is ₹ 62. The sum is :
A
₹ 500
B
₹ 800
C
₹ 1,000
D
₹ 2,000
Answer
₹ 2,000
Explanation
Solution
The correct option is (D) :₹ 2,000.