A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of one year, when the interest is compounded half-yearly. What will be the simple interest (in Rs.) on the same sum for \(4\frac{2}{5}\) years at triple the earlier rate of interest?

A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of

1.	A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of one year, when the interest is compounded half-yearly. What will be the simple interest (in Rs.) on the same sum for \(4\frac{2}{5}\) years at triple the earlier rate of interest?
A.	25,080
B.	42,020
C.	26,500
D.	27,000
Answer» B. 42,020

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A sum invested at 10% per annum amounts to Rs. 20,947.50 at the end of one year, when the interest is compounded half-yearly. What will be the simple interest (in Rs.) on the same sum for \(4\frac{2}{5}\) years at triple the earlier rate of interest?

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