Question:
The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is Rs.6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years ?
The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is Rs.6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years ?
Updated On: Jul 31, 2024
- Rs.1040
- Rs.1020
- Rs.1060
- Rs.1060
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The Correct Option is A
Solution and Explanation
The correct option is (A) : Rs.1040.
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