On a certain sum of money lent out at 16% p.a. the difference between – McqOptions

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1.	On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is
A.	1080
B.	7805
C.	8750
D.	5780
Answer» D. 5780

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