The compound interest on a certain sum of money for 2 years at 10 % per annum i

Question

The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be?

Options:

A . Rs.350

B . Rs.375

C . Rs. 380

D . Rs. 400

Answer: Option D

The principle is P.
P(1 +10/100) ² “ P = 420
=> P = Rs.2000
S.I = Rs.(4000/100) = Rs.400

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