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Q:

Find the difference between compound interest and simple interest on a sum of Rs.48000 at the rate of 15% per annum for three years.

  • 1
    Rs. 3200
  • 2
    Rs. 3204
  • 3
    Rs. 3402
  • 4
    Rs. 3202
  • 5
    None of these
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Answer : 3. "Rs. 3402"

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