Challenger App

No.1 PSC Learning App

1M+ Downloads
A sum, when invested at 10% simple interest per annum, amounts to ₹3360 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?

A560

B140

C120

D280

Answer:

D. 280

Read Explanation:

image.png

Related Questions:

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?
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 8% per year rate of interest for 5 years.
സമീർ സാധാരണ പലിശ കണക്കാക്കുന്ന ഒരു ബാങ്കിൽ നിന്നും 30000 രൂപ കടമെടുത്തു. പലിശനിരക്ക് 12 % ആണെങ്കിൽ 2 വർഷം കഴിയുമ്പോൾ ഒരു രൂപ ബാങ്കിൽ അടയ്ക്കണം ?
A sum, when invested at 10% simple interest per annum, amounts to ₹2640 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?
A specific amount of money is loaned out at a simple interest rate, resulting in ₹15,000 in 2 years and ₹20,000 in 4 years. The rate percentage per annum is: