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The difference in simple interest and compound interest on a certain sum of money in 2 years at 3% per annum is 90 paisa. What is the sum?
Question

The difference in simple interest and compound interest on a certain sum of money in 2 years at 3% per annum is 90 paisa. What is the sum?

A.

Rs. 9000

B.

Rs. 1000

C.

Rs. 3000

D.

Rs. 5000

Correct option is B

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