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Aptitude Day 316

Problems to solve on Compound Interest:

1. If the simple interest (S.I) on a sum of money for 3 years at 6% p.a. is 90, what’s the compound interest on the same sum at the same rate and for the same time?

2. What will be the difference between simple and compound interest at 5% p.a. on a sum of 2000 after 2 years?


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