Mathematics · Simple and Compound Interest
Simple interest on a loan at 'R%' per annum rate becomes 0.8 times the principal after 4 years. How many times the principal will the compound interest become after 2 years at the same 'R%' annual compound interest rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 10.80
- 20.40
- 31.44
- 40.44✓
Correct answer
0.44
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