The difference between compound interest (com-pounded annually) and si – McqOptions

MCQOPTIONS

1.	The difference between compound interest (com-pounded annually) and simple interest on a cer-tain sum of money at 10% per annum for 2 years is Rs. 40. The sum is :
A.	Rs. 4000
B.	Rs. 3600
C.	Rs. 4200
D.	Rs. 3200
Answer» B. Rs. 3600

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