Mathematics · Compound and Simple Interest
The compound interest compounded semi-annually at a certain rate on a sum of Rs. 1,25,000 at the end of one and a half years is Rs. 15,608. What would be the simple interest on the same sum of money at the same rate of interest for 3 ye ars?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 31,000
- 2Rs. 15,000
- 3Rs. 31,216
- 4Rs. 30,000✓
Correct answer
Rs. 30,000
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