-
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
-
- ₹ 2500
- ₹ 2,400
- ₹ 2,600
- ₹ 2,000
Correct Option: A
Here , Difference = C.I. - S.I. = ₹ 4 , Time = 2 years , Rate = 4%
Using the given formula ,
Sum = Difference | ![]() | ![]() | 2 | |
r |
Required Sum= 4 × | ![]() | ![]() | 2 | = ₹ 2500 | |
4 |