The difference between simple and compound interests compounded annual – McqOptions

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1.	The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sumÂ is
A.	Rs 36000
B.	Rs 72000
C.	Rs 18000
D.	Rs 54000
Answer» D. Rs 54000

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