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 for 2 years at 4 per cent per annum is Rs. 1. The sum of money is:
A.	Rs. 600
B.	Rs. 625
C.	Rs. 560
D.	Rs. 650
Answer» C. Rs. 560

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