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A. Rs.2520
B. Rs.3120
C. Rs.3320
D. Rs.2760
E. None of these
Explanation:
Let A be the amount received at the end of the three years.
A = 4800[1 + 10/100][1 + 20/100][1 + 25/100]
A = (4800 * 11 * 6 * 5)/(10 * 5 * 4)
A = Rs.7920
So the interest = 7920 – 4800 = Rs.3120
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