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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 -
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Explanations:

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