The simple interest on a certain sum of money for two years at 5% per annum is Rs 1200. What is the compound interest at the same rate and for the same time ?

The simple interest on a certain sum of money for two years at 5% p

1.	The simple interest on a certain sum of money for two years at 5% per annum is Rs 1200. What is the compound interest at the same rate and for the same time ?
A.	Rs 1030
B.	Rs 1130
C.	Rs 1230
D.	Rs 1330
Answer» D. Rs 1330

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The simple interest on a certain sum of money for two years at 5% per annum is Rs 1200. What is the compound interest at the same rate and for the same time ?

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