PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2017

Practice Mode:
94.

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4%1)per annum is-Re. 1. The sum (in Rs.) is:

A: 625
B: 630
C: 640
D: 650

The answer is: A