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Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?

  • A.Rs.81.60
  • B.Rs.160
  • C.Rs.1081.60
  • D.Rs.99

Answer: A

SI = 40 + 40

CI = 40 + 40 + 1.6 = 81.6

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