A sum of money is lent at a certain rate of compound interest. If, instead the same amount was lent at the same rate und

Question Asked by a Student from EXXAMM.com Team

Q 2215480369.     A sum of money is lent at a certain rate of compound interest. If, instead the same amount was lent at the same rate under simple interest, the interest for first two years reduces by Rs 120 and that for the first three year is Rs 366.Find the sum.
IBPS-PO 2017 Mock Mains
A

43500

B

48500

C

48000

D

 43800

E

None of these

HINT

(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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