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Q. The simple interest on a certain sum of money at rate of interest 5% per annum for 2 years is Rs. 500. What is the compound interest on the same sum for the same period and at the same rate of interest?

  • (A) Rs.412.5
  • (B) Rs.400
  • (C) Rs.500
  • (D) Rs.512.5
  • Correct Answer - Option(D)
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