A man gets a simple interest of Rs.1,000 on a certain principal at the – McqOptions

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1.	A man gets a simple interest of Rs.1,000 on a certain principal at the rate of 5 p.c.p.a. In 4 years. What compound interest will the man get on twice the principal in two years at the same rate?
A.	Rs.1,050
B.	Rs.1,005
C.	Rs.11,025
D.	None of these
Answer» E.

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