The simple interest for certain sum in 2 yr at 4% pa is RS. 80. What will be the compound interest for the same sum, if conditions of rate and time period are same?

Jatin Dubey • 3.78K Points
Extraordinary Math

Q. The simple interest for certain sum in 2 yr at 4% pa is RS. 80. What will be the compound interest for the same sum, if conditions of rate and time period are same?

(A) RS.91.60
(B) RS.81.60
(C) RS.71.60
(D) RS.80

Correct Answer - Option(B)

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