On a certain principal, simple interest obtained is Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?A. Rs 200B. Rs 220C. Rs 100D. Rs 120

On a certain principal, simple interest obtained is Rs. 2,000 in two

1.	On a certain principal, simple interest obtained is Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?A. Rs 200B. Rs 220C. Rs 100D. Rs 120
A.	C
B.	D
C.	A
D.	B
Answer» B. D

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On a certain principal, simple interest obtained is Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?A. Rs 200B. Rs 220C. Rs 100D. Rs 120

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