Mathematics · Compound Interest
The difference between the interests on a certain sum at the rate of 16% per annum for 1 year when interest is compounded half-yearly and when interest is compounded yearly is ₹69.12. What is the sum (in ₹)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 110,500
- 210,000✓
- 312,000
- 411,500
Correct answer
10,000
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