Math MCQ: The simple interest for certain sum in 2 yr at 4% pa is RS. 80. What will be the compound interest for the same sum, if conditions of rate and time period are same?

The simple interest for certain sum in 2 yr at 4% pa is RS. 80. What will be the compound interest for the same sum, if conditions of rate and time period are same?

Correct Answer: RS.81.60

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