Mathematics · Compound Interest

The difference between the compound interest (compounded annually) and simple interest on a certain sum at the rate of 50% per annum for 2 years is Rs. 7200. What is the sum?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 24,900
2Rs. 25,700
3Rs. 28,500
4Rs. 28,800✓

Correct answer

Rs. 28,800

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The difference between the compound interest (compounded annually) and simple interest on a certain sum at the rate of 50% per annum for 2 years is Rs. 7200. What is the sum?

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The difference between the compound interest (compounded annually) and simple interest on a certain sum at the rate of 50% per annum for 2 years is Rs. 7200. What is the sum?

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