Question discussion

The compound interest on a sum for 2 years at 10% per annum, compounded annually, is ₹420. The simple interest on the same sum at the same…

1259Medium DSSSB TGT Computer Science 0 replies 1 views

The compound interest on a sum for 2 years at 10% per annum, compounded annually, is ₹420. The simple interest on the same sum at the same rate for the same time is –

A₹380
B₹400
C₹410
D₹440

Correct answer: B

Explanation

CI = P × 0.21 = 420 gives P = ₹2,000, so SI = 2000 × 10% × 2 = ₹400.

Join the discussion Report an error

Discussion 0

Nobody has replied yet. Start the discussion!