Mathematics · Compound and Simple Interest
The compound interest on a certain sum at a rate of 12% per annum for 2 years is ₹1,590. The simple interest on the same sum for double the time period and at half the interest rate per annum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,400
- 2₹1,600
- 3₹1,800
- 4₹1,500✓
Correct answer
₹1,500
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