Question

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?

• A. 560
• B. 140
• C. 120
• D. 280

Answer 1

Answer:

D. 280

Read Explanation:

280

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