Government SSC General Studies Question:
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If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs. 252.20, then the simple interest on the same sum at the same rate and for the same time is
(a) Rs. 220
(b) Rs. 240
(c) Rs. 245
(d) Rs. 250
Answer:
( b ) Rs. 240
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