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The difference between amount accumulated due to simple interest and compound interest on a sum for 2 years at 20% per annum is ₹ 440. Calculate the amount to be paid if the interest rate is compounded quarterly.

Answer» The difference between amount accumulated due to simple interest and compound interest on a sum for 2 years at 20% per annum is ₹ 440. Calculate the amount to be paid if the interest rate is compounded quarterly.


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