Multiple choice

If the simple interest on a certain sum of money be Rs.303.60 for 3 years at 4% per annum. What will be the compound interest on the same sum of money and same time and rate? यदि एक निश्चित राशि पर साधारण ब्याज 3 वर्ष के लिए 4% वार्षिक ब्याज की दर पर 303.60 रुपये है। समान राशि और समान समय और दर पर चक्रवृद्धि ब्याज क्या होगा?

  1. Rs./रु.310.80

  2. Rs./रु.421.70

  3. Rs./रु.315.90

  4. Rs./रु.350.70

  5. None of these /इनमें से कोई नहीं
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple interest = P × R × T = 303.60, where R = 4% = 0.04, T = 3. So P = 303.60 / (0.04 × 3) = 2530. Compound interest = 2530 × (1 + 0.04)^3 - 2530 = 2530 × 1.124864 - 2530 = 315.90. The difference between CI and SI arises because CI earns interest on accumulated interest.

Keep practicing — related questions