Mathematics · Compound Interest
The difference between the compound interest (compounding annually) and simple interest on a sum at the rate of 30% per annum for 2 years is Rs. 3,600. What is the sum?
- 1Rs. 75,000
- 2Rs. 60,000
- 3Rs. 50,000
- 4Rs. 40,000✓
Correct answer
Rs. 40,000
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