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Q: The difference between the simple interest and compound interest on a certain sum of money for 2 years at the rate of 6% per annum is Rs 28.80. Calculate the principal amount.
  • A. ` 12,000
  • B. ` 9,600
  • C. ` 7,200
  • D. ` 8,000
Correct Answer: Option D -
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Explanations:

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