PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2023

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72.

The difference between simple interest and compound interest on a certain sum for 2 years s Rs.32. If the rate of interest is 8% per annum, the amount is

A: Rs 10000
B: Rs 1000
C: Rs 5000
D: Rs 2500

The answer is: C

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