Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum of money for two years at 10% per annum is Rs. 462. Find the sum of money invested.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 46,200✓
- 2Rs. 24,600
- 3Rs. 26,400
- 4Rs. 42,600
Correct answer
Rs. 46,200
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