Mathematics · Interest
Amit invested the same sum of money at simple interest as well as compound interest, compounded annually. The time period for both was 2 years and the rate of interest was 4% per annum. At the end of the period, the difference between the compound interest and simple interest received was ₹84. What was the sum invested in each case?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹51,600
- 2₹51,750
- 3₹52,850
- 4₹52,500✓
Correct answer
₹52,500
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