Mathematics · Compound Interest
The compound interest on a certain sum for 2 years at 10% per annum, compounded annually, is Rs. 525. What will be the simple interest on the same sum for double the time at half the rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 800
- 2Rs. 400
- 3Rs. 600
- 4Rs. 500✓
Correct answer
Rs. 500
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