Mathematics · Simple and Compound Interest

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 80. The sum (in Rs.) is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

170,000
260,000
345,000
450,000✓

Correct answer

50,000

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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 80. The sum (in Rs.) is:

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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 80. The sum (in Rs.) is:

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