Mathematics · Interest
The compound interest (compounding annually) on a certain sum at the rate of 8% per annum for two years is Rs. 6,656. What would be the simple interest on the same sum at the same rate of interest for two years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6,336
- 2Rs. 6,400✓
- 3Rs. 6,224
- 4Rs. 5,600
Correct answer
Rs. 6,400
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