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A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.
4360
4260
4460
4560
Let the sum be Rs.P.then P(1+R/100)^3=6690…(i) and P(1+R/100)^6=10035…(ii) On dividing,we get (1+R/100)^3=10025/6690=3/2. Substituting this value in (i),we get: P*(3/2)=6690 or P=(6690*2/3)=4460 The sum is rs.4460.
Hence, option 3 is the correct answer.
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