If the compound interest on a certain sum for two years at 12% per ann – McqOptions

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1.	If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be
A.	2,400
B.	2,500
C.	2,480
D.	2,440
Answer» B. 2,500

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