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Q: A sum amounts to Rs. 37632 at the end of two years at 12% per annum compound interest when interest is compounded annually. What will be the simple interest on the same sum at the same rate for double the earlier period?/
  • A. ` 7,200
  • B. ` 8,000
  • C. ` 14,400
  • D. ` 15,000
Correct Answer: Option C -
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Explanations:

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