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The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is ₹ 300. Find the sum.
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- ₹ 31,000
- ₹ 31,500
- ₹ 30,000
- ₹ 30,500
Correct Option: C
Given in question , Difference = C.I. - S.I. = ₹ 300 , Time = 2 years , Rate = 10%
Using the given formula ,
| Difference = | |
| 10000 |
| ⇒ 300 = | |
| 10000 |
⇒ P = 300 × 100 = ₹ 30000
