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Question
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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