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If the difference ^betweensimple interest and compound interest on a certain for 2 years at 5% is Rs. 250, then find the sum

A.	Rs. 99999	B.	Rs. 100000
C.	Rs. 100001	D.	Rs. 989898

Answer and Explanation

Answer:Rs. 100000

Explanation:
Â (CI â€“ SI)for 2 years = P(R / 100)²
= 250 = P(5/100)²
P = (250Ã—100Ã—100) / 25 = Rs. 100000 Â Â

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