There is a $40 \%$ increase in an amount in $8$ years at simple interest. What will be the compound interest (in rupees) on ₹ $30000$ after $2$ years at the same rate?

  • A
    $6150$
  • B
    $7687.5$
  • C
    $4612.5$
  • D
    $3075$

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What is the rate of interest (in $\%$) if simple interest earned on a certain sum for the $3^{rd}$ year is $₹ 2,000$ and compound interest earned in $2$ years is $₹ 4,160$?

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