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There are two investment schemes offered by two different financial institutions X and Y as follows:
Scheme X: Rate of interest per annum and period of maturity years
The amount is returned with compound interest compounded annually.
Scheme Y: Rate of interest per annum amount is returned with simple interest.
For what duration, should I invest in scheme Y, so as to get same amount in return if I had invested in scheme X?
(a) Years
(b) Years.
(c) Years.
(d) Years

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