Arithmeticmedium · Past Paper
The simple interest on a sum of money for 3 years at 8% is Rs 2400. What will be the compound interest on that sum for 2 years at 10%?
ARs 2000
BRs 2100
CRs 2200
DRs 2300
✓ Correct Answer: B — Rs 2100
P = (2400*100)/(3*8) = 10000. CI = 10000(1.1^2 - 1) = 10000(0.21) = 2100.
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