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The difference between simple and compound interest on a certain sum of money for 2 years at 2% per annum is Rs.4. Find the sum of money
Question

The difference between simple and compound interest on a certain sum of money for 2 years at 2% per annum is Rs.4. Find the sum of money

A.

Rs. 2,000

B.

Rs. 7,500

C.

Rs. 10,000

D.

Rs. 12,000

E.

Answer not known

Correct option is C

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