Mathematics · Simple and Compound Interest
The compound interest on a certain sum at 13% per annum compounded annually for two years is Rs. 4,042.74. Find the simple interest on the same sum at the same rate of interest for 8 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 15,184✓
- 2Rs. 13,962
- 3Rs. 13,565
- 4Rs. 12,754
Correct answer
Rs. 15,184
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