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2. The amount becomes Rs.6741.

60 in 2 years at compoundinterest.

3. The difference between compound interest and simple interest in 2 years is Rs. 21.60

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Study the question and all the three statements given and de

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David invested certain amount in three differentschemes.

A,

A,

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Peter invested an amount of Rs. 12,000 at the rate of 10 p.c

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I. An amount doubles it

I. An amount doubles it

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I.

An amount doubles

I.

An amount doubles

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