Mathematics · Compound Interest
A certain sum amounts to ₹ 19,965 in 2 years at 15% p.a., when interest is compounded 8-monthly. What will be the amount of the same sum at simple interest in the same period and at the same rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 19,550
- 2₹ 19,500✓
- 3₹ 19,450
- 4₹ 19,600
Correct answer
₹ 19,500
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