Mathematics · Interest

The difference between the compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs. 240. Find the sum.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 40,000
2Rs. 37,500✓
3Rs. 35,700
4Rs. 35,000

Correct answer

Rs. 37,500

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The difference between the compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs. 240. Find the sum.

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The difference between the compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs. 240. Find the sum.

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