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Q. On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4% per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned ?

  • (A) Rs. 3.50
  • (B) Rs. 7
  • (C) Rs. 14
  • (D) Rs. 35
  • Correct Answer - Option(B)
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