Question

    The compound interest on a certain amount, compounded

    semi-annually at a rate of 10% per half year for one year, is Rs. 810 less than the simple interest earned on the same amount over 2 years at an annual rate of 15%. Determine the interest earned under the simple interest scheme. .
    A 2700 Correct Answer Incorrect Answer
    B 2750 Correct Answer Incorrect Answer
    C 2800 Correct Answer Incorrect Answer
    D 2850 Correct Answer Incorrect Answer
    E 2900 Correct Answer Incorrect Answer

    Solution

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