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If the rate of interest is 20% per annum...

If the rate of interest is 20% per annum, compounded yearly and the interest on a certain sum in the second year is Rs250, then what will be the interest on the same sum in the fifth year ?

A

Rs 360

B

Rs 432

C

Rs 518

D

Rs 400

Text Solution

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The correct Answer is:
B
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