Mathematics · Compound Interest
The difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs. 12.50. Find the sum when interest is compounded annually.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1000
- 2Rs. 500
- 3Rs. 1500
- 4Rs. 1250✓
Correct answer
Rs. 1250
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