Mathematics · Interest
The difference between the compound interest (compounded annually) and the simple interest on a certain sum of money at 8% per annum for 2 years is Rs. 4. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 625✓
- 2Rs. 1260
- 3Rs. 312.5
- 4Rs. 500
Correct answer
Rs. 625
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