If the compound interest on a certain sum for two years at 12% per annum is Rs.

Question

If the compound interest on a certain sum for two years at 12% per annum is Rs. 2544, the simple interest on it at the same rate for 2 years will be = ?

Options:

A . Rs. 2400

B . Rs. 2500

C . Rs. 2480

D . Rs. 2440

Answer: Option A

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