Mathematics · Interest
On a certain sum, the difference between compound interest (compounded annually) and simple interest at 10% per annum for 2 years is Rs. 250. The sum is:
- 1Rs. 25,450
- 2Rs. 26,550
- 3Rs. 25,000✓
- 4Rs. 26,000
Correct answer
Rs. 25,000
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