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      Question

      Rs. ’P’ invested at a rate of 10% p.a. compound

      interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned at the end of 4 years if the same amount is invested at the same rate.
      A Rs. 2500 Correct Answer Incorrect Answer
      B Rs. 2460 Correct Answer Incorrect Answer
      C Rs. 2560 Correct Answer Incorrect Answer
      D Rs. 2760 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      According to question; 1.10 × 1.10 × P = 7744 Or, P = Rs. 6400 Desired interest = 0.1 × 4 × 6400 = Rs. 2560

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