The compound interest on a certain sum of money at 5% per annum for 2 years is Rs 246. The simple interest on the same sum for 3 years at 6% per annum is = ?

  • 1Rs. 435
  • 2Rs. 450
  • 3Rs. 430
  • 4Rs. 432
Answer:- 1
Explanation:-

Solution:
Effective rate of CI for 2 years = 5 + 5 + 5×5100=10.25%Effective rate of SI for 3 years = 6×3 = 18% According to questionRequired SI = 26410.25×18=Rs 432

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "
Solution:
Effective rate of CI for 2 years = 5 + 5 + 5×5100=10.25%Effective rate of SI for 3 years = 6×3 = 18% According to questionRequired SI = 26410.25×18=Rs 432
", "dateCreated": "7/24/2019 10:09:12 AM" } }
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