Q. The compound interest accured on an amount of Rs. 25,500 at the end of three years in Rs. 8,440.50. what would be the simple interest accured on the same amount at the same rate in the same period?

Option
(1) Rs. 4,650
(2) Rs. 5,650
(3) Rs. 6,650
(4) Rs. 7,650
(5) None of these

• total amount after two years is=25500+8440.5=33940.5
  so
  [(100+r)/100]^3=33940.5/25500=1.331
  so r=10%
  so simple interest=[(25500*3*10)/100]=7650 ans
• 12 years agoHelpfull: Yes(2) No(1)