A sum of Rs 4000 becomes Rs 5800 in 3 years, when invested in a scheme – McqOptions

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1.	A sum of Rs 4000 becomes Rs 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?_x005F_x000D_
A.	4430_x005F_x000D_
B.	5450_x005F_x000D_
C.	5290_x005F_x000D_
D.	4970
Answer» D. 4970

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