The compound interest on a certain sum of money for 2 years at 5% per – McqOptions

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1.	The compound interest on a certain sum of money for 2 years at 5% per annum is 410. The simple interest on the same sum at the same rate and for the same time is
A.	400
B.	300
C.	350
D.	405
Answer» B. 300

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