Question

    If the compound interest earned on investing a sum for 2

    years at a rate of 5% per annum compounded annually is Rs. 205, what will be the simple interest on the same amount, same rate, and same period?
    A Rs.320 Correct Answer Incorrect Answer
    B Rs.265 Correct Answer Incorrect Answer
    C Rs.200 Correct Answer Incorrect Answer
    D Rs.180 Correct Answer Incorrect Answer

    Solution

    ATQ,

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