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| 1. |
There is a 60% increase in an amount in 5 years at simple interest. What will be the compound interest on Rs. 6,250 for two years at the same rate of interest, when the interest is compounded yearly? |
| A. | Rs. 1,500 |
| B. | Rs. 1,590 |
| C. | Rs. 1,560 |
| D. | Rs 1480 |
| E. | Rs 1510 |
| Answer» C. Rs. 1,560 | |