At a certain rate per annum, Simple Interest on a sum of money for one year is Rs. 260 and Compound Interest on the same sum for 2 years is Rs. 540.80. The rate of interest per annum is?
Options are - a. 4% b. 6% c. 8% d.10% Could anyone be able to provide me with a simple trick to solve this question??? ....
- Deepshikha
- 30 May
- 16 Answers
16 Answers
16 Answers
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1st year si 260 and 2nd year si 260 then 1st year ci 260*8/100=20.8 then 260*2+20.8=540.80Modal content
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8%0Modal content
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8%0Modal content
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So easy yr.... 540.80 - 260*2=20.80 is thé 8% of 260.0Modal content
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80Modal content
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8%0Modal content
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4%0Modal content
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80Modal content
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8% /. \ 260. 260 \ 20.80 Rate = 20.80÷2601Modal content
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simple trick----skip these kind of questions..-3Modal content
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4%2Modal content
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8%0Modal content
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80Modal content
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540.80-(260*2)=20.80
20.80*100/260=8%1Modal content
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