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Question

A man invested a certain amount of sum at 12.5%

per annum simple interest and earned an interest of Rs. 2700 after 3 years. If the same amount is invested at 20% per annum compound interest, compounded annually for two years then the interest would be:

A Rs. 3168

B Rs. 3068

C Rs. 3368

D Rs. 3468

E Rs. 3568

Practice Next

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Relevant for Exams:

SIDBI Grade A (Assistant Manager)