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  1. The difference between the simple and compound interest on a certain sum of money for 2 years at 4% per annum is ₹ 4. The sum is
    1. ₹ 2500
    2. ₹ 2,400
    3. ₹ 2,600
    4. ₹ 2,000
Correct Option: A

Here , Difference = C.I. - S.I. = ₹ 4 , Time = 2 years , Rate = 4%
Using the given formula ,

Sum = Difference
100
2
r

Required Sum= 4 ×
100
2 = ₹ 2500
4



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