Join 60,000+ competitive exam aspirants
The compound interest on a sum for the second year is ₹28,800 and for the third year is ₹34,560. If the interest is compounded annually, what is the simple interest on the same sum for 4 years at the same rate?
₹86,400
₹96,000
₹1,06,000
₹76,800
₹96,000
Practice and solve "The compound interest on a sum for the second year is ₹28,800 and for the third year is ₹34,560. If..." for Part 2 Numerical Ability - CILMTIndustrial Engineering 2026. The correct answer is Option B: ₹96,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The compound interest on a sum for the second year is ₹28,800 and for the third year is ₹34,560. If..." for Part 2 Numerical Ability - CILMTIndustrial Engineering 2026. The correct answer is Option B: ₹96,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.