Compound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. sim

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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 the same rate of interest for 2 years will be = ?

Options:

A . Rs. 2500

B . Rs. 2400

C . Rs. 2360

D . Rs. 2250

Answer: Option B

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