Mathematics · Compound Interest
The difference between the compound interest (compounding half-yearly) for 1 year and the simple interest for 1 year on a certain sum lent out at the annual rate of 20% is Rs. 142. What is the sum?
- 1Rs. 14,200✓
- 2Rs. 18,700
- 3Rs. 19,500
- 4Rs. 15,700
Correct answer
Rs. 14,200
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