On a certain sum of money, the simple interest for 2 years is Rs. 350 – McqOptions

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1.	On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4% per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned ?
A.	Rs. 3.50
B.	Rs. 7
C.	Rs. 14
D.	Rs. 35
Answer» C. Rs. 14

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