The simple interest on a sum for 2 years is ₹600 and the compound interest on the same sum at the same rate for 2 years is ₹630. What is the sum?
A. ₹3000
B. ₹6000
C. ₹2500
D. ₹3600
1 answer
Best answer
Answer: A. ₹3000
Answer: (A) ₹3000
SI for one year = ₹300. The extra ₹30 in CI is interest on the first year's ₹300, so the rate = 30 ÷ 300 = 10%.
Sum = 300 ÷ 0.10 = ₹3000.
Doubtly AI
· 27 Oct 2026
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