The compound interest on a certain sum of money for 2 years at 5% per annum is R

Question

The compound interest on a certain sum of money for 2 years at 5% per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is = ?

Options:

A . Rs. 400

B . Rs. 300

C . Rs. 350

D . Rs. 405

Answer: Option A

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