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730

Q:

Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually?

  • 1
    ₹48
  • 2
    ₹64
  • 3
    ₹32
  • 4
    ₹20
  • Show Answer
  • Workspace

Answer : 3. "₹32 "

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