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22 vote

The difference between simple and compound interest (compounded annually) on a sum of money for 2 years at 10% per annum Is Rs.65. The sum Is

Asked on by | Votes 22 | Views: 2048 | Tags: mathematics     | compound interest     | quantitative aptitude     | ssc     | Add Bounty

The difference between simple and compound interest (compounded annually) on a sum of money for 2 years at 10% per annum Is Rs.65. The sum Is
1). Rs.65650
2). Rs.65065
3). Rs.6565
4). Rs.6500

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2 answers

25 vote
Answered by on | Votes 25 |
Rs.6500 : option 4 is the correct answer

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40 vote
Answered by on | Votes 40 |

 This is the right answer

Here, C.I. – S.I. = 65,
R = 10%, T = 2 years, P = ?

65 = P{$\frac{10}{100}^{2}$}

P = 6500

Accepted Answer