The difference between compound interest and simple interest on a cert – McqOptions

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1.	The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money ?
A.	Rs. 7200
B.	Rs. 9600
C.	Rs. 16400
D.	Rs. 8400
Answer» D. Rs. 8400

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