If the compound interest on a sum for 2 years at per annum is RS. 340, then the simple interest on the same sum at the same rate for the same period of time is

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CollectorBabu · Accepted Answer

Correct Answer: Rs. 320. Let the sum be Rs. P. Then, [ P ( 1 + 25 / 2 x 100 ) 2 − P] = 510 P[ ( 9/8 ) 2 - 1] = 510 Sum P= Rs. 1920 So, S.I. = (1920 x 25 x 2) / (2 x 100) = Rs. 480

If the compound interest on a sum for 2 years at per annum is RS. 340, then the simple interest on the same sum at the same rate for the same period of time is

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