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The simple interest at 10% p.a. on a dep...

The simple interest at 10% p.a. on a deposit for 2 years is Rs 4,000. If the interest in compounded on an annual basis, how much more will be the amount of interest ?

A

Rs 200

B

Rs 240

C

Rs 220

D

Rs 190

Text Solution

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The correct Answer is:
A
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