Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A certain sum amounts to ₹291600 in 2 years and to ₹314928 in 3 years on compound interest compounded annually. How much will be the simple interest (in ₹) on ₹40000 at the same rate for 2 years?

Options:

6400

8000

7500

9600

Correct Answer:

6400