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??? ....

16 Answers

1st year si 260 and 2nd year si 260 then 1st year ci 260*8/100=20.8 then 260*2+20.8=540.8
- Ravin
- 30 May
- 0 Comment
0
8%
- Srishti
- 29 May
- 0 Comment
0
8%
- Vikas
- 27 Apr
- 0 Comment
0
So easy yr.... 540.80 - 260*2=20.80 is thé 8% of 260.
- Jitendra
- 21 Apr
- 0 Comment
0
8
- Gaurav
- 14 Apr
- 0 Comment
0
8%
- Thirumalesh
- 19 Mar
- 0 Comment
0
4%
- Manoj
- 17 Mar
- 0 Comment
0
8
- Vaibhav
- 05 Mar
- 0 Comment
0
8
- Mohd
- 28 Feb
- 0 Comment
0
8% /. \ 260. 260 \ 20.80 Rate = 20.80÷260
- Sushil
- 07 Jan
- 0 Comment
1
simple trick----skip these kind of questions..
- Nicky
- 01 Sep
- 0 Comment
-3
4%
- Pradeep
- 10 Aug
- 0 Comment
2
8%
- Kushwanth
- 05 Aug
- 0 Comment
0
8
- Ajay
- 02 Aug
- 0 Comment
0
540.80-(260*2)=20.80br /20.80*100/260=8%
- Piyush
- 06 Apr
- 0 Comment
1

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