The compound interest on a certain sum invested for two years at the rate of 10% p.a. compounded annually is Rs 4200.

What is the simple interest on the same sum invested for the same time period at the same rate?

Rs 4400

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Rs 4000

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Rs 3890

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Rs 3000

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Solution

The correct option is B
Rs 4000

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The compound interest on a certain sum invested for two years at the rate of 10% p.a. compounded annually is Rs 4200. What is the simple interest on the same sum invested for the same time period at the same rate?

The correct option is B Rs 4000

The compound interest on a certain sum invested for two years at the rate of 10% p.a. compounded annually is Rs 4200.

What is the simple interest on the same sum invested for the same time period at the same rate?

The correct option is B
Rs 4000