Mathematics · Compound Interest and Simple Interest
The compound interest on a sum for 2 years at 10% per annum is ₹3,150. What will be the simple interest on the same sum for the same period at the same rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,500
- 2₹3,000✓
- 3₹2,800
- 4₹2,900
Correct answer
₹3,000
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