The difference between the compound interest and simple interest on a – McqOptions

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1.	The difference between the compound interest and simple interest on a certain sum of money in 3 years at 5% p.a. is Rs. 6,100. What is the initial amount?
A.	Rs. 5,00,000
B.	Rs. 5,000
C.	Rs. 8,000
D.	Rs. 8,00,000
Answer» E.

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