Mathematics · Simple and Compound Interest
On a certain sum of money lent out at 40% per annum, the difference between the compound interest for 1 year (payable half-yearly) and the simple interest for 1 year is Rs. 200. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,000✓
- 2Rs. 5,500
- 3Rs. 4,000
- 4Rs. 4,500
Correct answer
Rs. 5,000
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