PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2011

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38.

The compound interest on a certain sum for 2 years is Rs.40.80p and the simple interest is Rs.40/-. Find the sum and the 'rate percent'.

A: 400, 5
B: 400, 6
C: 500, 4
D: 600, 3

The answer is: C

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