Mathematics · Interest

The compound interest on ‚5,000 at [x + 8]% per annum for 2 years, compounded annually, is ‚2,200. Find the simple interest for the same principal at x% rate of interest for 2 years.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1‚2,400
2‚900
3‚840
4‚1,200✓

Correct answer

‚1,200

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The compound interest on ‚5,000 at [x + 8]% per annum for 2 years, compounded annually, is ‚2,200. Find the simple interest for the same principal at x% rate of interest for 2 years.

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The compound interest on ‚5,000 at [x + 8]% per annum for 2 years, compounded annually, is ‚2,200. Find the simple interest for the same principal at x% rate of interest for 2 years.

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