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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?

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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?
1). 10000
2). 20000
3). 5000
4). 15000

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1 answers

3 vote
Answered by on | Votes 3 |
option 3 : 5000 is correct

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