Multiple choice

If the simple interest on a certain sum of money for third year at 5% per annum is Rs. 840, what is the interest for the next year?

  1. Rs. 840

  2. Rs. 1680

  3. Rs. 1080

  4. Rs. 980

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

(No interest is earned on Rs. 840 since it is the simple interest, i. e. simple interest remains the same. Hence no change.)

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