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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
28 out of 30
 

If the simple interest on a sum of money at 5% per annum for 2 years is Rs. 1000, the compound interest on the same sum for the same period at the same rate is:



A Rs. 1025
B Rs. 1061
C Rs. 1064
D Rs. 1065
E None of these

Ans. A

CI = (10.25/100)*10000 = 1025

Simple Interest & Compound Interest Flashcard List

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