Mathematics · Interest
A sum of money becomes Rs. 2,645 in 2 years at a rate of 15% per annum compounded annually. What will be the simple interest on the same principal amount at 10% per annum in 3 years?
- 1Rs. 600✓
- 2Rs. 629
- 3Rs. 650
- 4Rs. 645
Correct answer
Rs. 600
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