Mathematics · Simple and Compound 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 the annual rate of 40% is Rs. 360. What is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12200
- 2Rs. 9000✓
- 3Rs. 9500
- 4Rs. 10000
Correct answer
Rs. 9000
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