Mathematics · Simple and Compound Interest
If the difference between compound interest compounded semi-annually and simple interest on a certain sum of money at 10% per annum for 112 years is Rs. 244, then find the principal sum of money.
- 1Rs. 32,000✓
- 2Rs. 38,500
- 3Rs. 35,500
- 4Rs. 36,000
Correct answer
Rs. 32,000
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