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The compound interest on a sum of money ...

The compound interest on a sum of money at 5% per annum for 3 years is Rs. 2522. What would be the simple interest on this sum at the same rate and for the same period ?

A

₹ 2200

B

₹ 2800

C

₹ 2500

D

₹ 2400

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The correct Answer is:
D
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