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Aptitude · Q135

Compound Interest

Competitive Exams · Aptitude · question 135

Q135

A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?

A.
Rs. 544
B.
Rs. 445.44
Answer
C.
Rs. 445.88
D.
Rs. 548

Answer: Option B

Solution

Answer: Option B
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