MBA CDOE (USOL) Panjab University MBA Entrance Exam with MCQ Answers 2017

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34.

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

A: Rs. 625
B: Rs. 621
C: Rs. 626
D: Rs. 623

The answer is: A