The difference between the compound interest and simple interest on a – McqOptions

MCQOPTIONS

1.	The difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs 500. Find the sum when the Interest is compounded annually.
A.	Rs 50000
B.	Rs 55000
C.	Rs 40000
D.	Rs 65000
Answer» B. Rs 55000

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