The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What isÂ the value of given sum (in Rs)?

The difference between simple and compound interests compounded annual

1.	The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What isÂ the value of given sum (in Rs)?
A.	25000
B.	50000
C.	37500
D.	12500
Answer» E.