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Banking Quantitative Aptitude Simple Interest Question Bank Simple Interest and Compound Interest

  • question_answer
    A sum is invested for 3 years at the rate of 20% p.a. The difference between the simple interest and the compound interest on same principal is Rs. 408. Find the principal.

    A) Rs. 5525.5

    B) Rs. 2550

    C) Rs. 3187.5

    D) Rs. 3400

    E) None of these

    Correct Answer: C

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