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The difference between simple and compound interest on a certain sum of money for 2 years at 4 per cent per annum is Rs. 1. The sum of money is:

ARs. 600

BRs. 610

CRs. 650

DRs. 625

Answer:

D. Rs. 625

Read Explanation:

(CI−SI) = Pr^2/100^2 1=Px16/100x100 P=625 ​


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