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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.2800 after 4 years. If the same amount is invested at 10% per annum compound interest, compounded annually for two years, then find the interest.
      A Rs.1008 Correct Answer Incorrect Answer
      B Rs.1176 Correct Answer Incorrect Answer
      C Rs.1936 Correct Answer Incorrect Answer
      D Rs.1512 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the certain sum of money be Rs.P. So,  P x 0.125 x 4 = 2800 => P = Rs.5600 Desired interest = [(1.1)2 – 1] x 5600 = Rs.1176

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