Mathematics · Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum at 12% per annum for 2 years is Rs. 259.20. What is the sum in rupees?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 16,000
- 2Rs. 15,000
- 3Rs. 18,000✓
- 4Rs. 14,000
Correct answer
Rs. 18,000
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