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

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1.	The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?
A.	Rs. 6,000
B.	Rs. 4,800
C.	Rs. 3,600
D.	Rs. 2,400
Answer» B. Rs. 4,800

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