The compound interest accrued on an amount of Rs. 25500 at the end of…

Question

The compound interest accrued on an amount of Rs. 25500 at the end of 3 years is Rs. 8440.50. What would be the simple interest accrued on the same amount at the same rate in the same period ?

Accepted Answer

Option D. Rs. 7650. Answer & Solution Answer: Option D Solution: & Let the rate be R\% p .a . & then, & 25500 ( 1 + R100 )^3 & = 25500 + 8440.50 & = 33940.50 ( 1 + R100 )^3 = 33940.5025500 = 13311000 = ( 1110 )^3 & 1 + R100 = 1110 & R100 = 110 & R = 10\,\% & S.I. = Rs. ( 25500 × 10 × 3100 ) & = Rs…