If the compound interest on a certain sum for 2 years at 5% per annum is ₹ 246, then the simple interest on the same sum for double the time and…
CA Foundation · Quantitative Aptitude · MTP · April 2025
If the compound interest on a certain sum for 2 years at 5% per annum is ₹ 246, then the simple interest on the same sum for double the time and double the rate per annum is:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹960
Topics: Part-A: Business Mathematics
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