Question

An initial investment made at a 25% annual interest rate, compounded semi-annually, grows to Rs. 10,125 after one year. How much simple interest would this sum earn if instead it was invested at a 20% annual rate as simple interest for a period of two years?

A Rs. 3200
B Rs. 2400
C Rs. 3600
D Rs. 4000
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query