Mathematics · Interest
The difference between the compound interest, compounded annually, and the simple interest earned on a certain sum of money in two years at 10% interest per annum, is ₹197.2. Find the sum invested.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹18,720
- 2₹19,720✓
- 3₹16,720
- 4₹17,720
Correct answer
₹19,720
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