Concept:Simple interest is calculated as
SI=100P×R×T, while compound interest is calculated as
CI=P[(1+100R)T−1].
Explanation:Let the original sum be
P.
Using the given simple interest,
64800=100P×4.5×3P=13.564800×100=₹4,80,000The sum used for compound interest is
75% of
P:
43×4,80,000=₹3,60,000The doubled rate is
4.5%×2=9% per annum.
Now, calculate compound interest for 3 years:
CI=3,60,000[(1+1009)3−1]=3,60,000[(1.09)3−1]=3,60,000×0.295029=₹1,06,210.44Required difference between this CI and the given SI is:
=1,06,210.44−64,800=₹41,410.44So, the required difference is approximately ₹41,410.
Answer:Option C — ₹41,410