Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and simple interest on a certain sum of money at 5% per annum for 2 years is Rs 40. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 16,000✓
- 2Rs 16,500
- 3Rs 13,500
- 4Rs 12,000
Correct answer
Rs 16,000
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