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Q.
A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum ?
A.
Rs.8000
B.
Rs.6500
C.
Rs.7500
D.
Rs.5000
View Answer
Correct choice: C
Explanation:
Explanation: p=(d×1002)/R2 Where d is difference, r is rate of interest. => (48 x 100 x 100) / 8 x 8 = Rs.7500
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