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    Question

    The compound interest on a certain sum for 2 years at

    15% p.a. is Rs. 3225. Find the simple interest on the same sum for the same period and at the same rate.
    A 3000 Correct Answer Incorrect Answer
    B 3070 Correct Answer Incorrect Answer
    C 3500 Correct Answer Incorrect Answer
    D 5000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, CI rate = 32.25%. Sum = 10,000. SI rate = 30%. SI = 3000.

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