On a certain sum of money, the simple interest for 2 years is Rs. 140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.

On a certain sum of money, the simple interest for 2 years is Rs. 140

1.	On a certain sum of money, the simple interest for 2 years is Rs. 140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.
A.	Rs. 1.80
B.	Rs. 3
C.	Rs. 2.80
D.	Rs. 2.40
Answer» D. Rs. 2.40

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On a certain sum of money, the simple interest for 2 years is Rs. 140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.

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