Mathematics · Compound Interest
The difference between the compound interest on a certain sum at 20% p.a. for 2 years, compounded yearly, and the compound interest on the same sum at 15% p.a. for the same period, compounded 8-monthly, is ₹1,744. The sum is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹18,000
- 2₹16,000✓
- 3₹15,000
- 4₹14,000
Correct answer
₹16,000
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