Mathematics · Interest
The compound interest on a certain sum for 2 years at 20% per annum, compounded annually, is Rs. 770. What will be the simple interest on the same sum for double the time at half the rate percent per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 750
- 2Rs. 770
- 3Rs. 625
- 4Rs. 700✓
Correct answer
Rs. 700
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