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The simple interest on a certain sum at ...

The simple interest on a certain sum at 20% p.a for two years is Rs. 250. What is the compound interest ( compounded annually ) on the same sum at the same rate for the same period ?

A

Rs. 275

B

Rs. 550

C

Rs. 750

D

Rs. 900

Text Solution

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The correct Answer is:
A
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