The compound interest on a certain amount for 2 years at the rate of – McqOptions

MCQOPTIONS

1.	The compound interest on a certain amount for 2 years at the rate of 8 p.c.p.a. is Rs.312. What will be the simple interest on the same amount and at the same rate and same time?
A.	Rs. 349.92
B.	Rs. 300
C.	Rs. 358.92
D.	Rs. 400
Answer» C. Rs. 358.92

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