Mathematics · Interest
For a certain sum of money, at 5% per annum, the difference between simple interest (SI) for 2 years and compound interest (CI) compounded annually is Rs. 25.00. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,000
- 2Rs. 8,000
- 3Rs. 7,500
- 4Rs. 10,000✓
Correct answer
Rs. 10,000
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