The difference between simple and compound interest compounded annually on a certain sun of money for 2 year at 16% per annum is rs 320. what is the value of given sum(in rs)?
a)25000
b)50000
c)37500
d)12500

Question

Mahesh Bansal · Answer

we have formula for this pr2/100  so 320 is our interest and r is also given with time      320=p*16*16/100*100

The difference between simple and compound interest compounded annually on a certain sun of money for 2 year at 16% per annum is rs 320. what is the value of given sum(in rs)? a)25000 b)50000 c)37500 d)12500

Join CAT 2026 course by 5-Time CAT 100%iler

Download resources