Mathematics · Interest
A sum invested at 10% p.a. for 2 years becomes Rs. 3,267, when the interest is compounded annually. What will be the simple interest on the same sum at the same rate in 5 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 650
- 2Rs. 625
- 3Rs. 700
- 4Rs. 675✓
Correct answer
Rs. 675
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