Mathematics · Compound Interest
If the difference between Compound Interest and Simple Interest on a certain sum of money for 2 years @ 5% p.a. is Rs. 122, what is the sum of money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 46,800
- 2Rs. 48,000
- 3Rs. 48,800✓
- 4Rs. 45,000
Correct answer
Rs. 48,800
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