The compound interest on a certain sum of money at 5% per annum for 2 years...

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The compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 246. The simple interest on the same sum for 3 years at 6% per annum is 1. Rs. 435 2. Rs. 450 3. Rs. 430 4. Rs. 432 Rs. 460 5. The compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 246. The simple interest on the same sum for 3 years at 6% per annum is 1. Rs. 435 2. Rs. 450 3. Rs. 430 4. Rs. 432 Rs. 460 5.

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Solution 4 Let the principal be P We know the formula for compound intere... View the full answer