Multiple choice

The compound interest on a certain sum at 5% for 2 years is Rs.738. What will be the simple interest for that sum at the same rate and for the same period? एक निश्चित धनराशि पर 2 वर्षों में 5% की दर से चक्रवृद्धि ब्याज 738 रू. है। उसी धनराशि के लिए उसी समयावधि और समान ब्याज दर पर साधारण ब्याज क्या होगा ?

  1. Rs. 700

  2. Rs. 720

  3. Rs.740

  4. Rs.750
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For compound interest at 5% for 2 years, CI = P[(1.05)² - 1] = 738, so P = 7200. Simple interest = P × r × t = 7200 × 0.05 × 2 = 720. Option B is correct.

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