The simple interest on a certain sum for two years at the rate of 20% – McqOptions

MCQOPTIONS

1.	The simple interest on a certain sum for two years at the rate of 20% per annum is Rs. 250. What is the compound interest (compounded annually) on the same sum for the same period at the same rate of interest?
A.	Rs. 275
B.	Rs. 550
C.	Rs. 750
D.	Rs. 900
Answer» B. Rs. 550

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