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  1. The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is ₹ 1. The sum of money is :
    1. ₹ 600
    2. ₹ 625
    3. ₹ 560
    4. ₹ 650
Correct Option: B

Given in question , Difference = C.I. - S.I. = ₹ 1 , , Time = 2 years , Rate = 4%

Sum = Difference ×
100
2
r

Sum = 1 ×
100
2 = ₹ 625
r



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