Mathematics · Interest
If the difference between the simple interest and the compound interest compounded annually on a certain sum borrowed for 2 years at 8% per annum is ₹512, then find the sum borrowed.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹80,000✓
- 2₹1,200
- 3₹2,100
- 4₹62,100
Correct answer
₹80,000
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