Mathematics · Compound Interest
If the difference between the compound interest (compounded half-yearly) and the simple interest on a sum of money for 1 year at the rate of 8% per annum is Rs. 30, then find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 19,250
- 2Rs. 18,750✓
- 3Rs. 17,850
- 4Rs. 17,580
Correct answer
Rs. 18,750
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