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. G5000
Answer» B. Rs. 55000

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