Mathematics · Interest

If the difference between Compound Interest and Simple Interest on a certain sum of money for 2 years at 5% p.a. is Rs. 122, find the sum of money.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 48,800✓
2Rs. 15,000
3Rs. 14,000
4Rs. 16,000

Correct answer

Rs. 48,800

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If the difference between Compound Interest and Simple Interest on a certain sum of money for 2 years at 5% p.a. is Rs. 122, find the sum of money.

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If the difference between Compound Interest and Simple Interest on a certain sum of money for 2 years at 5% p.a. is Rs. 122, find the sum of money.

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