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Multiple choice

The first year's interest on a sum of money lent at $8$% compound interest is $Rs. 48$. The second year's amount is

  1. $Rs. 48$
  2. $Rs. 51.48$
  3. $Rs. 56.48$
  4. $Rs. 96$
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B Correct answer

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  • Simple and Compound Interest (3394 questions)
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