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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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