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M: +2.00/-0.50

Nutan gets two offers of loan from a bank and an app. The app offered Rs. 10,000 at 15 Percent per annum compounded annually for 2 years and the bank offered the same amount at the same rate and for the same time but on simple interest. Find the difference between the interests.

 

[SSC CHSL 10th March 2023 Shift-3 With Answers]
A
B
C
D

EXPLANATION

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