Mathematics · Compound and Simple Interest
The compound interest on a certain sum for 3 years at 8% per annum is Rs. 1,94,784. What is the simple interest on the 910 part of the sum for the same time but at a rate of interest per annum which is 32 times the rate of interest per annum applicable for compound interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,56,500
- 2Rs. 2,52,000
- 3Rs. 2,47,500
- 4Rs. 2,43,000✓
Correct answer
Rs. 2,43,000
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