Mathematics · Simple and Compound Interest
The difference between the interest earned on an invested amount under compound interest (compounded annually) and simple interest at the same rate for 2 years is Rs. 945. If the interest rate is 15% per annum, what is the invested amount (in Rs.)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 141000
- 240000
- 342000✓
- 439000
Correct answer
42000
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