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If the difference between the compound interest and the simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is :
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- Rs. 2000
- Rs. 4000
- Rs. 6000
- Rs. 8000
Correct Option: D
Here , Principal = ? , C.I. - S.I. = Rs. 20 , Time = 2 years , Rate = 5%
For 2 years, C.I. – S.I. = | |
10000 |
⇒ 20 = | |
10000 |
⇒ | = 20 | |
400 |
⇒ P = Rs. (20 × 400) = Rs. 8000