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The compound interest on a sum of money for 2 years is Rs 832 and the simple interest on the same sum for the same period is Rs 800. The difference between the compound interest and the simple interest for 3 years will be (a) Rs 48 (b) Rs 66.56 (c) Rs 98.56 (d) None of these

A

Rs.92.36

B

Rs.75.64

C

Rs.98.56

D

Rs.106.56

Text Solution

Verified by Experts

The correct Answer is:
C
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