- A1600
- B1664
- C1700
- D1536
Step-by-Step Solution
CI factor = , so the sum = 1664 ÷ 0.1664 = ₹10,000. SI = ₹1,600.
Answer: A) 1600
On a certain sum, the compound interest for 2 years at 8% per annum (compounded yearly) is ₹1,664. What is the simple interest on the same sum at the same rate for 2 years?
Competition practiceSimple & Compound Interest
Master this topic in 30 minutes a day.
Don't just memorise the answer — build a daily practice habit.
Practice 5 Similar Questions Free →All Simple & Compound Interest practice questions
More Simple & Compound Interest practice
At simple interest, a sum becomes 1.5 times itself in 5 years. At the same rate, in how…A sum of money becomes three times itself in 10 years at simple interest. In how many…A certain sum at simple interest amounts to ₹9440 in 3 years and to ₹10400 in 5 years.…The compound interest on a certain sum for 2 years at 5% per annum, compounded annually,…At what rate of simple interest per annum will a sum of money double itself in 8 years?