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    Question

    The difference between compound interest and simple

    interest on a sum for 2 years at 10% per annum is Rs 40. Find the principal.
    A 4000 Correct Answer Incorrect Answer
    B 5560 Correct Answer Incorrect Answer
    C 4090 Correct Answer Incorrect Answer
    D 7212 Correct Answer Incorrect Answer

    Solution

    ATQ, For 2 years, CI - SI = P x (R/100)2 40 = P x (10/100)2 40 = P x 1/100 P = 4000

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