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By Compound Interest Mathematics Mcqs No Comments

Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3

Explanation:

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1250 = D(100/4)2
D = 2

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