A certain sum amounts to Rs. 29282 in 4 years at 10% per annum, when the interest is compounded annually. What is the simple interest on the same sum for same time at the same rate?

A certain sum amounts to Rs. 29282 in 4 years at 10% per annum, when t

1.	A certain sum amounts to Rs. 29282 in 4 years at 10% per annum, when the interest is compounded annually. What is the simple interest on the same sum for same time at the same rate?
A.	Rs. 8,500
B.	Rs. 8,000
C.	Rs. 7,600
D.	Rs. 8,400
Answer» C. Rs. 7,600

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A certain sum amounts to Rs. 29282 in 4 years at 10% per annum, when the interest is compounded annually. What is the simple interest on the same sum for same time at the same rate?

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