Mathematics for FinanceMTP Mar 21Question 1315 of 422
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The difference between the simple and compound interest on a certain sum for $3$ year at $5\%$ p.a. is $228.75$. The compound interest on the sum for $2$ years at $5\%$ p.a. is:

Options

A$3175$
B$3075$
C$3275$
D$2975$
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Correct Answer

Option b$3075$

All Options:

  • A$3175$
  • B$3075$
  • C$3275$
  • D$2975$

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