Mathematics · Simple and Compound Interest
The simple interest on a certain sum for 412 years at 10% p.a. is 60% of the compound interest on a sum of Rs. 12,000 for 1 year at 10% p.a., interest compounded half-yearly. The sum on which the simple interest is calculated is:
- 1Rs. 2,000
- 2Rs. 1,680
- 3Rs. 2,450
- 4Rs. 1,640✓
Correct answer
Rs. 1,640
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Mathematics?
Practice full-length Mathematics mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Simple and Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple and Compound Interest