Q: The compound interest on a sum of money at 5% per annum for 3 years is ` 6305 Find the simple interest (in `) for the same sum at the same rate of interest for the same number of years.
A.
`4,000
B.
`6,000
C.
`5,000
D.
`3,600
Correct Answer:
Option B -
Explanations:
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