Mathematics · Simple and Compound Interest
If the difference between the simple interest and compound interest on a sum of money invested for 2 years at the rate of 15% per annum (interest compounded annually) is ₹225, then what is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹9,000
- 2₹10,000✓
- 3₹9,500
- 4₹8,000
Correct answer
₹10,000
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