Mathematics · Interest
The simple interest and compound interest compounded annually on a certain sum of money with a given rate for a period of 2 years are Rs. 700 and Rs. 756 respectively. Find the sum of money.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3658.0
- 2Rs. 2287.0
- 3Rs. 2187.5✓
- 4Rs. 2308.5
Correct answer
Rs. 2187.5
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