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Multiple Choice Questions
1. On what sum of money will the compound interest for 3 years at 5% per annum amount to Rs. 630.50 ?
(A): Rs. 1200
(B): Rs. 1261
(C): Rs. 4000
(D): Rs. 3000
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By: anil on 05 May 2019 02.43 am
$$ P (1 + .05) ^ {3}$$ - P= 630.5 Solving for P, we get P = 4000
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RRB 2009 Allahabad
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