Compound interest on a certain sum for 2 years at 10% per annum is Tk.420. What would be the simple interest at the same rate and for the same time?

1. Compound interest on a certain sum for 2 years at 10% per annum is Tk.420. What would be the simple interest at the same rate and for the same time?

[Officer (Cash) 2018 [MCQ] : 2018]

1. Tk. 100

2. Tk. 200

3. Tk. 300

4. Tk. 400

Answer

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