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    Question

    Rs. (3y + 600) is invested at 40% p.a. compound

    interest, compounded annually for 2 years, and earns an interest of Rs. (4y - 1200). Determine the value of ‘y’.
    A 1500 Correct Answer Incorrect Answer
    B 1584 Correct Answer Incorrect Answer
    C 1652 Correct Answer Incorrect Answer
    D 1200 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

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