Practice30Create account

The simple interest on a sum for 2 years at 10% per annum is Rs 400.
What would the compound interest be on the same sum, at the same rate and time, compounded annually?

Class 8Compound InterestComparing Quantities
  • ARs 420
  • BRs 400
  • CRs 440
  • DRs 410

Step-by-Step Solution

SI = gives . CI = 2000 Rs 420.
Answer: A) Rs 420

Master this chapter in 30 minutes a day.

Don't just memorise the answer — build a daily practice habit.

Practice 5 Similar Questions Free →

All Compound Interest practice questions

More Class 8 Compound Interest practice

A bank pays 8% per annum compounded half-yearly. Suresh deposits Rs 5000. Find the…A sum of money doubles itself in 5 years at compound interest. In how many years will it…A trader in Surat invests Rs 8000 for 1.5 years at 10% per annum compounded annually.…The difference between compound interest and simple interest on a sum for 3 years at 10%…Priya invests equal sums in two schemes. Scheme A gives 10% per annum compounded…