Mathematics · Interest
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 651 (interest compounded yearly). The simple interest on the same sum for double the time at half the rate of interest per annum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 620✓
- 2Rs. 520
- 3Rs. 630
- 4Rs. 600
Correct answer
Rs. 620
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