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Simple Interest and Compound Interest - 12 Repeated Questions in Various Exams

April 21, 2016 Share Like Labels: bet

simple and compound interest

Ques 1.
A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60. more had it been invested at 2% higher rate. What was the sum
(a) Rs 1500
(b) Rs 1300
(c) Rs 2500
(d) Rs 1000

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