Mathematics · Compound Interest
The compound interest (compounding annually) on a certain sum for 2 years at the rate of 20% per annum is Rs. 2420. What will be the simple interest on the same sum for 3 years at the same rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4200
- 2Rs. 3800
- 3Rs. 3000
- 4Rs. 3300✓
Correct answer
Rs. 3300
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