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
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