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The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years interest compound annually, is

Correct Answer: Rs. 2522

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Math MCQ: The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years interest compound annually, is | Extra Education