Mathematics · Compound Interest
On a certain sum of money, the difference between the compound interest for a year payable half-yearly and the simple interest for a year is Rs. 729. If the rate of interest in both cases is 6% per annum, then the sum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,30,000
- 2Rs. 8,10,000✓
- 3Rs. 7,90,000
- 4Rs. 8,50,000
Correct answer
Rs. 8,10,000
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