A sum of Rs. 10000 amounts to Rs. 11664 in 2 years, at a certain rate percent per annum, when the interest is compounded annually. What will be the simple interest on the same sum for 27/5 years at the same rate?

A sum of Rs. 10000 amounts to Rs. 11664 in 2 years, at a certain rate

1.	A sum of Rs. 10000 amounts to Rs. 11664 in 2 years, at a certain rate percent per annum, when the interest is compounded annually. What will be the simple interest on the same sum for 27/5 years at the same rate?
A.	Rs. 4040
B.	Rs. 3840
C.	Rs. 4320
D.	Rs. 4160
Answer» D. Rs. 4160

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A sum of Rs. 10000 amounts to Rs. 11664 in 2 years, at a certain rate percent per annum, when the interest is compounded annually. What will be the simple interest on the same sum for 27/5 years at the same rate?

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