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The compound interest on Rs4,000 at the ...

The compound interest on Rs4,000 at the rate of 5% p.a. is Rs630.50, then the time period is:

A

`1(1/2)` years

B

2 years

C

`3(1/2)` years

D

3 years

Text Solution

Verified by Experts

The correct Answer is:
D
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