If the simple interest for a certain investment is Rs 240 for the first year, then find the compound interest for the same.

Rs 340

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Rs 240

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Rs 120

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Rs 480

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Solution

The correct option is B
Rs 240

Rs. 240

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If the simple interest for a certain investment is Rs 240 for the first year, then find the compound interest for the same.

The correct option is B Rs 240 Rs. 240

The correct option is B
Rs 240

Rs. 240