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Vinay • 28.75K Points
Instructor II Math

Q. On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is ?

  • (A) 1080
  • (B) 7805
  • (C) 8750
  • (D) 5780
  • Correct Answer - Option(C)
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  • Filed under category Math

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