Mathematics · Compound Interest
If the difference between compound interest compounded semi-annually and simple interest of a certain sum of money at 10% per annum for 12 years is Rs. 244, then find the sum of money.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 32000✓
- 2Rs. 38500
- 3Rs. 35500
- 4Rs. 36000
Correct answer
Rs. 32000
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