The compound interest on a certain sum of money invested for 2 years a – McqOptions

MCQOPTIONS

1.	The compound interest on a certain sum of money invested for 2 years at 5% per annum is 328. The simple interest on the sum, at the same rate and for the same period will be
A.	320
B.	308
C.	300
D.	287
Answer» B. 308

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