The difference between the compound interest (compounded annually) and – McqOptions

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1.	The difference between the compound interest (compounded annually) and the simple interest on a certain sum of money at 12% per annum for 2 years is Rs.72. What is the principal amount?
A.	Rs.6,500
B.	Rs.6,000
C.	Rs.5,500
D.	Rs.5,000
Answer» E.

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