A principal gets increased by 21% in 2 years at compound interest. What will be the simple interest on Rs. 1000 for 4 years at the same rate of interest?

A principal gets increased by 21% in 2 years at compound interest. Wha

1.	A principal gets increased by 21% in 2 years at compound interest. What will be the simple interest on Rs. 1000 for 4 years at the same rate of interest?
A.	Rs. 320
B.	Rs. 400
C.	Rs. 360
D.	Rs. 420
Answer» C. Rs. 360

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A principal gets increased by 21% in 2 years at compound interest. What will be the simple interest on Rs. 1000 for 4 years at the same rate of interest?

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