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Aptitude Day 318

Answers of Day 317: 1. 0.63.
                                    2. 4869.29.

Problems to solve on Compound Interest:

1. If the compound interest on a sum for 1 year at 1(1/4)% p.a. is 400, the simple interest on the same sum at the same rate for the same period of time is:

2. In how many years will a sum of 2500 at 4% p.a. compounded semi-annually become 2601?



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