The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum?

The difference between simple and compound interest on a sum of money

1.	The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum?
A.	Rs. 550
B.	Rs. 500
C.	Rs. 375
D.	Rs. 400
Answer» D. Rs. 400

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The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum?

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