At a certain sum of money with the interest rate of 6% per a

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55

M: +2.00/-0.50

At a certain sum of money with the interest rate of 6% per annum for 4 years, the simple interest is Rs. 4500. Find the compound interest (compounding annually) of 2 years at the same sum when the rate of interest is 4% per annum?

[SSC CHSL 15th March 2023 Shift-2 With Answers]

A

Rs.1,530

B

Rs.1,430

C

Rs.1,830

D

Rs.1,560

EXPLANATION

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