Simple interest on a certain sum at 7% per annum for 4 years is Rs. 24 – McqOptions

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1.	Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annumÂ in two years?
A.	Rs. 704
B.	Rs. 854
C.	Rs. 893
D.	Rs. 914
Answer» B. Rs. 854

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