Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum of money at the rate of 8% per annum for 2 years is Rs. 470. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 75,234.40
- 2Rs. 72,566.50
- 3Rs. 81,257.30
- 4Rs. 73,437.50✓
Correct answer
Rs. 73,437.50
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