Compound interest compounded annually on a certain sum of money for 3 years at 8% per annum is Rs. 1688.128. Find the simple interest on the same sum for the same rate and same period.

Compound interest compounded annually on a certain sum of money for 3

1.	Compound interest compounded annually on a certain sum of money for 3 years at 8% per annum is Rs. 1688.128. Find the simple interest on the same sum for the same rate and same period.
A.	Rs. 1560
B.	Rs.1600
C.	Rs.1500
D.	Rs.1650
E.	None of these
Answer» B. Rs.1600

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Compound interest compounded annually on a certain sum of money for 3 years at 8% per annum is Rs. 1688.128. Find the simple interest on the same sum for the same rate and same period.

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