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SNAP 2018 Interest — Previous Year Question

Paper

SNAP 2018

Section

Quantitative

Topic

Interest

Difficulty

Medium

Question

SNAP 2018

The difference between compound interest and simple interest for a certain sum of money for 2 yr is ₹50, the rate of interest being 5% per annum. If the same sum is invested for 3 yr at 5% per annum compound, it will become.

₹22475.50

₹23750

₹24000

₹23152.50

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