Mathematics · Compound Interest
If the compound interest on a sum for 2 years at 2.5% per annum is Rs 405, then the simple interest on the same sum at the same rate of interest for the same period of time is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 390
- 2Rs. 276
- 3Rs. 300
- 4Rs. 400✓
Correct answer
Rs. 400
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