A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10% p.a. compound interest, interest compounded yearly. What will be the simple interest on the same sum for double the time at the same rate of interest?

A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10%

1.	A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10% p.a. compound interest, interest compounded yearly. What will be the simple interest on the same sum for double the time at the same rate of interest?
A.	Rs. 2400
B.	Rs. 2480
C.	Rs. 2500
D.	Rs. 2560
Answer» D. Rs. 2560

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A certain sum amount to Rs. 6352.50 in \(2\frac{1}{2}\) years at 10% p.a. compound interest, interest compounded yearly. What will be the simple interest on the same sum for double the time at the same rate of interest?

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