The compound interest on a certain sum of money at 21% for 2 years is – McqOptions

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1.	The compound interest on a certain sum of money at 21% for 2 years is Rs. 11,602.5. Its simple interest (in Rs.) at the same rate and for the same period is:
A.	10,500
B.	10,750
C.	16,000
D.	12,500
Answer» B. 10,750

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