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If the difference between the simple and the compound interest earned on a sum of money at the rate of 5% p.a. for 2 years is Rs. 16, find the principal.
(a) Rs. 6,200
(b) Rs. 6,400 (c) Rs. 6,250 (d) Cannot be determined
Anonymous Quiz
18%
a
40%
b
28%
c
14%
d