App Logo

No.1 PSC Learning App

1M+ Downloads
A sum, when invested at 10% simple interest per annum, amounts to ₹3360 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?

A560

B140

C120

D280

Answer:

D. 280

Read Explanation:

image.png

Related Questions:

A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
A sum was put at simple interest at a certain rate for 2 years. Had it been put at 1% higher rate, it would have fetched Rs 24 more. The sum is:
A sum, when invested at 10% simple interest per annum, amounts to ₹4560 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 1 year?
Simple interest on a sum of money for 5 years is 2/5 times the principal, the rate for simple interest is
At what rate percent per annum will a sum of money double in 16 years in simple interest plan?