The difference between earned interest on the same amount invested for – McqOptions

MCQOPTIONS

1.	The difference between earned interest on the same amount invested for 2 years on compound interest and simple interest is Rs. 76. If interest rates are 4% per year, then calculate the amount invested. (In rupees)
A.	51,500
B.	47,500
C.	48,500
D.	49,500
Answer» C. 48,500

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