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A sum of Rs.5,000 amounts to Rs.7,200 in...

A sum of Rs.5,000 amounts to Rs.7,200 in 8 years at a certain rate percent p.a., interest compounaea yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?

A

Rs.1,415

B

Rs.1,310

C

Rs.1,290

D

Rs.1,285

Text Solution

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The correct Answer is:
B
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