Practice30Create account

The compound interest on a certain sum for 2 years at 10% per annum is ₹420. Find the simple interest on the same sum for the same period and rate.

Competition practiceSimple & Compound Interest
  • A420
  • B410
  • C380
  • D400

Step-by-Step Solution

For 2 years at 10%, CI corresponds to a factor and SI to . So SI = ₹400.
Answer: D) 400

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 what rate percent per annum will a sum of money double itself in 8 years at simple…A sum of money amounts to ₹10800 in 4 years and ₹12000 in 6 years at simple interest.…Harpreet deposits ₹25000 in a bank that pays 4% per annum compounded annually. How much…A sum of ₹6000 amounts to ₹7200 in 4 years at simple interest. What is the rate of…A sum kept at simple interest becomes three times itself in 16 years. What is the annual…