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- The difference between the compound interest and simple interest on a certain sum of money at 5% per annum for 2 years is 45.
Question 1:
The difference between the compound interest and simple interest on a certain sum of money at 5% per annum for 2 years is 45. Then the original sum is? A. Rs.16000/-
B. Rs.15000/-
C. Rs.18000/-
Feedback For 2 years = (100^2D)/R^2
= (100^2 × 45)/(5 × 5) = (10000 × 45)/25 = Rs.18000/-
= (100^2 × 45)/(5 × 5) = (10000 × 45)/25 = Rs.18000/-
D. Rs.20000/-
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