The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ₹ 228.75. The compound interest on the sum of for 2…

CA Foundation · Quantitative Aptitude · MTP · September 2025
The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ₹ 228.75. The compound interest on the sum of for 2 years at 5% per annum is
(A) A. ₹ 3175
(B) B. ₹ 3075
(C) C. ₹ 3275
(D) D. ₹ 2975

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹ 3075

Topics: Part-A: Business Mathematics

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