Mathematics · Compound Interest

If the difference between the simple interest and the compound interest on a certain sum of money for 3 years at the rate of 5% per annum is Rs. 122, then the sum is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 16,000✓
2Rs. 12,000
3Rs. 8,000
4Rs. 10,000

Correct answer

Rs. 16,000

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If the difference between the simple interest and the compound interest on a certain sum of money for 3 years at the rate of 5% per annum is Rs. 122, then the sum is:

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If the difference between the simple interest and the compound interest on a certain sum of money for 3 years at the rate of 5% per annum is Rs. 122, then the sum is:

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