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Question

The Simple interest on a certain sum for 2 years at 10% per annum is Rs. 90. The corresponding compound interest is:

Options:
A .  99
B .  95.60
C .  94.50
D .  108
E .  None of these
Answer: Option C
 -   Sum =   100 x90  = Rs. 450   2 x 10     C.I. = Rs. 450 x (1+ 10 )  2 - 450       100         = Rs. 94.50

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