Question

The compound interest on a certain sum of money at 5% per annum for two years is Rs. 328.

Calculate the simple interest on the same sum for 4 years at 7% per annum.​

Answer 1

Step-by-step explanation:

Formula for amount: The compound interest on a certain sum at 5% p.a. for 2 year is 328. The value of sum is 3200. Therefore the simple interest on that sum at the same rate is rupees 320.

Answer 2

Step-by-step explanation:

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