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If the difference between the simple and compound interests on a sum of money for 2 years at 4% per annum is Rs.80, the sum is

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If the difference between the simple and compound interests on a sum of money for 2 years at 4% per annum is Rs.80, the sum is
1). Rs.5000
2). Rs.50000
3). Rs.10000
4). Rs.1000

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2 answers

0 vote
Answered by on | Votes 0 |
Rs.50000 : - is correct hence option 2

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3 vote
Answered by on | Votes 3 |

 This is the right answer

When difference between the compound
interest and simple interest
on a certain sum of money for
2 years at r % rate is x, then the
sum is given by

r = 40%

Required sum =80 × 25 × 25 = 50000




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