1.

Simple interest on a sum of money for 4 years at 7 p.c.p.a is Rs. 3584/-. What would be the compound interest (compounded annually) on the same amount of money for 2 years at 4p.c.p.a?

A. Rs. 1,162.32
B. Rs. 1,098.72
C. Rs. 992.38
D. Rs. 1,044.48
Answer» E.


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