Mathematics · Interest
The difference between the compound interest and simple interest on a certain sum of money at an interest rate of 20% per annum for 112 years is Rs. 6,200, when the interest is compounded semi-annually. Find the sum of money.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,00,000✓
- 2Rs. 2,10,300
- 3Rs. 2,12,000
- 4Rs. 2,15,520
Correct answer
Rs. 2,00,000
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