Mathematics · Simple and 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 ₹226. Find the sum. [Give your answer rounded off to the nearest integer.]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹8,828✓
- 2₹8,818
- 3₹8,825
- 4₹8,831
Correct answer
₹8,828
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