The simple interest on a sum of money at 10% per annum for 4

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54

M: +2.00/-0.50

The simple interest on a sum of money at 10% per annum for 4 years is ₹3,200. What will be the amount (in ₹) of the same sum for the same period at the same rate of inerest when the interest is compounded annually?

[SSC CGL 20th April 2022 Shift-2 With Answers]

A

11,217.80

B

11,172.80

C

11,127.80

D

11,712.80

EXPLANATION

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