Mathematics · Interest

The difference between the simple interest and the compound interest, compounded annually, on a certain sum of money for 2 years at 10% per annum is ₹702. Find the sum.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹70,186
2₹70,200✓
3₹70,214
4₹70,193

Correct answer

₹70,200

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The difference between the simple interest and the compound interest, compounded annually, on a certain sum of money for 2 years at 10% per annum is ₹702. Find the sum.

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The difference between the simple interest and the compound interest, compounded annually, on a certain sum of money for 2 years at 10% per annum is ₹702. Find the sum.

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