On a certain principal, simple interest amounts to Rs. 2,000 in two ye – McqOptions

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1.	On a certain principal, simple interest amounts to Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?
A.	Rs.200
B.	Rs.220
C.	Rs.100
D.	Rs.120
Answer» D. Rs.120

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