A man invested Rs ( P + 500 ) (P + 500) ( P + 500 ) at an interest rate of 10% per annum compounded annually for 2 years and received a compound inter...

Question

A man invested Rs (P+500)(P + 500) at an interest rate of 10% per annum compounded annually for 2 years and received a compound interest of Rs 1785. If he had invested Rs (P1000)(P - 1000) at the same rate and for the same duration, what would be the compound interest earned by him (in Rs)?

Options

A.

1470

B.

1520

C.

2190

D.

1860

E.

1660

compound interestinvestmentbanking examsbi po prelims

Solve This Question

Get instant feedback with detailed step-by-step solution

Start Solving →