A man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5

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A man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate ?

Answer: Option E

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Question 1. Compound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. simple interest on the same sum of money at....rate of interest for 2 years will be = ?

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