Mathematics · Interest
The difference between Compound Interest (compounded half-yearly) and Simple Interest for two years on a certain sum at a 10% annual rate is Rs. 124.05. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8000✓
- 2Rs. 10000
- 3Rs. 8200
- 4Rs. 8400
Correct answer
Rs. 8000
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