Mathematics · Interest
The compound interest accrued on Rs. 12,000 in two years is Rs. 1,996.80. What will be the simple interest accrued at the same rate of interest for the third year on the total amount accumulated at the end of two years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1119.74✓
- 2Rs. 9845.5
- 3Rs. 8500.25
- 4Rs. 1256.63
Correct answer
Rs. 1119.74
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