# The compound interest on a certain sum of money at 5% per annum for 2 years is Rs 246. The simple interest on the same sum for 3 years at 6% per annum is = ?

A. Rs. 435

B. Rs. 450

C. Rs. 430

D. Rs. 432

**Answer: Option D **

__Solution(By Examveda Team)__

$$\eqalign{
& {\text{Effective rate of CI for 2 years}} \cr
& {\text{= 5 + 5 + }}\frac{{5 \times 5}}{{100}} \cr
& = 10.25\% \cr
& {\text{Effective rate of SI for 3 years}} \cr
& {\text{= 6}} \times {\text{3 = 18% }} \cr
& {\text{According to question}} \cr
& {\text{Required SI}} \cr
& {\text{= }}\frac{{246}}{{10.25}} \times 18 \cr
& = {\text{Rs. 432}} \cr} $$ Related Questions on Compound Interest

A. Rs. 120

B. Rs. 121

C. Rs. 122

D. Rs. 123

E. None of these

A. 625

B. 630

C. 640

D. 650

E. None of these

A. Rs. 2160

B. Rs. 3120

C. Rs. 3972

D. Rs. 6240

E. None of these

A. Rs. 2.04

B. Rs. 3.06

C. Rs. 4.80

D. Rs. 8.30

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