Mathematics · Interest
The difference between the compound interest (compounding annually) and simple interest on a sum at the rate of 30 percent per annum for 2 years is Rs. 5,400. What is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 50,000
- 2Rs. 65,000
- 3Rs. 60,000✓
- 4Rs. 70,000
Correct answer
Rs. 60,000
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