The difference between the simple and compound rate of interest on a c – McqOptions

MCQOPTIONS

1.	The difference between the simple and compound rate of interest on a certain sum of money for 2 years at a 20% rate of interest is Rs. 200 The amount is;
A.	Rs. 3000
B.	Rs. 4000
C.	Rs. 5000
D.	Rs. 4500
Answer» D. Rs. 4500

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