Mathematics · Interest
The difference between the compound interest (compounded half-yearly) for 1 year and the simple interest for 1 year on a certain sum lent out at an annual rate of 10% is Rs. 25. What is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,000
- 2Rs. 6,000
- 3Rs. 8,000
- 4Rs. 10,000✓
Correct answer
Rs. 10,000
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