The compound interest on a certain sum of money for 3 years at the rat – McqOptions

MCQOPTIONS

1.	The compound interest on a certain sum of money for 3 years at the rate of 10% per annum is Rs. 993.00. The simple interest on the same sum at the rate of 8% per annum for 4 years would be equal to which of the following?
A.	Rs. 900.00
B.	Rs. 930.00
C.	Rs. 960.00
D.	Rs. 990.00
Answer» D. Rs. 990.00

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