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If the compound interest on a certain su...

If the compound interest on a certain sum for two years at 12% per annum is Rs. 2544, the simple interest on it at the same rate for 2 years will be

A

Rs 2400

B

Rs 2500

C

Rs 2480

D

Rs 2440

Text Solution

Verified by Experts

The correct Answer is:
A
CI =Rs 2544
2 yr
r=12%
`:.S.I.=(200xxCI)/(200+r)=(200xx2544)/(200+12)`
`=(200xx2544)/(212)=Rs 2400`
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