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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 β€˜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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