A certain sum is lent out for 4 years at 5% p.a compound interest, the interest being compounded yearly. The interest for the third year exceeds the interest for second year by Rs. 73.50. The sum is:

A certain sum is lent out for 4 years at 5% p.a compound interest, the

1.	A certain sum is lent out for 4 years at 5% p.a compound interest, the interest being compounded yearly. The interest for the third year exceeds the interest for second year by Rs. 73.50. The sum is:
A.	Rs. 24,400
B.	Rs. 28,000
C.	Rs. 30,000
D.	Rs. 31,200
Answer» C. Rs. 30,000

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A certain sum is lent out for 4 years at 5% p.a compound interest, the interest being compounded yearly. The interest for the third year exceeds the interest for second year by Rs. 73.50. The sum is:

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