Question
Quantitative Ability and Data Interpretation Question on SI & CI
The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is ₹6500.What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years
A
₹1040
B
₹1020
C
₹1060
D
₹1200
Answer
₹1040
Explanation
Solution
The correct option is(A):₹1040