The compound interest (compounding annually) on a certain sum at the rate of 8 percent per annum for two years is Rs. 6656. What would be the simple interest on the same sum at the same rate of interest for two years?
A. Rs. 6224
B. Rs. 6400
C. Rs. 5600
D. Rs. 6336
Answer: Option B
This Question Belongs to Arithmetic Ability >> Compound Interest
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