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  1. On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is ₹ 180. If the rate of interest in both the cases is 10%, then the sum is
    1. ₹ 60,000
    2. ₹ 72,000
    3. ₹ 62,000
    4. ₹ 54,000
Correct Option: B

If the interest is compounded half yearly,
Time = 2 years , Rate = 5% half yearly
Using the given formula ,

C.I. = P 1 +
R
T − 1
100

C.I. = P 1 +
5
2 − 1
100

C.I. = P
21
2 − 1
20

C.I. =
41P
400

S.I. =
P × R × T
100

S.I. =
P × 10
=
P
10010

According to question ,
∴ C.I. - S.I. = 180
41P
P
= 180
40010

⇒ 
41 − 40P
= 180
400

⇒ 
P
= 180
400

⇒  P = ₹ 72000
Second Method to solve this question :
Here, C.I. – S.I. = ₹ 180
Interest is compounded half yearly ,
R =
10
= 5%, T = 2 years
5

C.I. − S.I. = P
R
2
100

⇒ 180 = P
5
2
100

⇒  P = 180 × 20 × 20
P = ₹ 72000



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