- A1200
- B1320
- C1100
- D1260
Step-by-Step Solution
CI factor = , so = ₹3000. SI = ₹1200.
Answer: A) 1200
The compound interest on a sum for 2 years at 20% per annum (compounded annually) is ₹1320. What is the simple interest on it for the same time and rate?
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