Mathematics · Interest
The difference between compound interest and simple interest is Rs. 228 for a certain sum of money at 8% per annum for 112 years, when compound interest is compounded half-yearly and simple interest is computed yearly. What is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 46,900
- 2Rs. 46,531
- 3Rs. 47,000
- 4Rs. 46,875✓
Correct answer
Rs. 46,875
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