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    Question

    A person earns Rs. 240 as compound interest on a sum for 2

    years at 3% per annum, compounded yearly. What would be the simple interest on the same amount at the same rate and period?
    A Rs.320 Correct Answer Incorrect Answer
    B Rs.265 Correct Answer Incorrect Answer
    C Rs.236 Correct Answer Incorrect Answer
    D Rs.180 Correct Answer Incorrect Answer

    Solution

    ATQ,

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