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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?

A220

B110

C880

D440

Answer:

A. 220

Read Explanation:

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A sum, when invested at 10% simple interest per annum, amounts to ₹4080 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?
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