Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and simple interest on an equal sum of money invested for 2 years at an interest rate of 6% per annum is Rs. 126. Find the amount invested.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 35,550
- 2Rs. 35,000✓
- 3Rs. 35,560
- 4Rs. 35,540
Correct answer
Rs. 35,000
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