Mathematics · Compound Interest
The compound interest on a sum of money for 2 years at 7% per annum is Rs. 21,735. What will be the simple interest on the same sum at half the rate of interest per annum for twice the time period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 20,100
- 2Rs. 21,375
- 3Rs. 21,735
- 4Rs. 21,000✓
Correct answer
Rs. 21,000
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