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Discussion :: Compound Interest

  1. The difference between simple interest and compound interest on a sum of money for 1 year at 4% per 6 months is 4, what is the sum?

    2. A.
    Rs. 2100
    B.
    Rs. 2300
    C.
    Rs. 2500
    D.
    Rs. 3000

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    Answer : Option C

    Explanation :

    Let the sum = Rs. X

    t = 1 year = 2 half years (6 months)

    r = 4% for 6 months

    Apti Compound interest48

    Apti Compound interest48

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