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Question

SIMPLE INTEREST :

 

The simple interest earned on an amount of Rs.10500 at the end of two years is same as the compound interest on Rs.10,000 at the end of two years. The ratio of interest is same in both the cases. What is the ratio of interest?

  • 50% p.a
  • 100% p.a
  • 200% p.a
  • 150% p.a
  • None of these
Answer- B

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