Mathematics · Compound Interest
The difference between simple interest and compound interest on a certain sum of money at a rate of 4% per annum for 2 years is ₹40. Find the total sum of money.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹20,000
- 2₹25,000✓
- 3₹28,000
- 4₹31,000
Correct answer
₹25,000
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