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Multiple choice

Ramesh gets a certain amount as simple interest on Rs. 2000 in two years at the rate of 5% per annum. What principal should he invest to obtain the same amount by compound interest in two years at the same rate?

  1. Rs. 2000

  2. Rs. 1950

  3. Rs. 1995

  4. Rs. 2050

  5. Rs. 2100

Reveal answer Fill a bubble to check yourself
C Correct answer

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  • Simple and Compound Interest (3394 questions)
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