The compound interest on a certain sum of money at a certain rate per – McqOptions

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1.	The compound interest on a certain sum of money at a certain rate per annum for two years is 2,050, and the simple interest on the same amount of money at the same rate for 3 years is 3,000. Then the sum of money is
A.	20,000
B.	18,000
C.	21,000
D.	25, 000
Answer» B. 18,000

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