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You are considering investing Rs 1,500 at an interest rate of 5% compounded annually for...

You are considering investing Rs 1,500 at an interest rate of 5% compounded annually for 2 years or investing the Rs1,500 at 7% per year simple interest rate for 2 years. Which option is better?

A.

Simple Interest by Rs56.25

B.

Compound Interest by Rs114.05

C.

Compound Interest by Rs52.75

D.

Simple Interest by Rs75.19

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