The difference between simple and compound interest on a certain sum o – McqOptions

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1.	The difference between simple and compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 160. Find the sum.
A.	Rs. 64,000
B.	Rs. 60, 000
C.	Rs. 40, 000
D.	Rs. 48,000
Answer» B. Rs. 60, 000

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