Mathematics · Compound Interest
The difference between the simple interest and the compound interest, compounded annually, on a certain sum of money for 2 years at 16% per annum is ₹792. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹30,930.00
- 2₹30,957.50
- 3₹30,934.00
- 4₹30,937.50✓
Correct answer
₹30,937.50
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