Challenger App

No.1 PSC Learning App

1M+ Downloads
A sum, when invested at 10% simple interest per annum, amounts to ₹3120 after 3 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 2 years?

A480

B240

C1920

D960

Answer:

A. 480

Read Explanation:

480


Related Questions:

സാധാരണ പലിശയ്ക്ക് നിക്ഷേപിച്ച 500 രൂപ 3 വർഷം കൊണ്ട് 620 രൂപ ആയാൽ പലിശ നിരക്ക് എത്ര?
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 9% per year rate of interest for 2 years.
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 7% per year rate of interest for 5 years.
A borrows ₹89,500 for 3 years at 7% p.a. simple interest. B borrows the same amount at simple interest of 9% for the first year, 8% for the second year, and 7% for the third year. What is the total simple interest (in ₹) paid by A and B?
A sum, when invested at 10% simple interest per annum, amounts to ₹3840 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 2 years?