Mathematics · Simple and Compound Interest
The difference between the compound interest and simple interest earned at the end of the second year on a sum of money at 10% per annum is Rs. 20. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4000
- 2Rs. 2000✓
- 3Rs. 1500
- 4Rs. 1000
Correct answer
Rs. 2000
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