Mathematics · Interest
The compound interest (compounded annually) on a certain sum for 2 years at the rate of 18% per annum is Rs. 1962. What will be the simple interest on the same sum at the same rate of interest for 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3300
- 2Rs. 3000
- 3Rs. 3200
- 4Rs. 2700✓
Correct answer
Rs. 2700
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