(A) Rs 790
(B) Rs. 698
(C) Rs. 600
(D) Rs. 850
Tag: Interest
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A man takes loans of Rs.1000 at the beginning of each year at 5% per annum compound interest. Find the accumulated amount to the nearest rupee he will thus have at the end of 3 years?
(A) 3745.73 Rupees
(B) 3154.63 Rupees
(C) 3445.76
(D) 3310.13
The difference between simple and compound interest on 1625 rupees for 3 years at 4% per annum in rupees is?
(A) 7
(B) 7.10
(C) 7.45
(D) 7.90