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The difference between the compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs.240. Find the sum/
Question

The difference between the compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs.240. Find the sum/

A.

Rs.35,000

B.

Rs.35,700

C.

Rs.37,500

D.

Rs.40,000

Correct option is C

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