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Q: If the difference between simple 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:
 (CI – SI)for 2 years = P(R / 100)2
= 250 = P(5/100)2
P = (250×100×100) / 25 = Rs. 100000   

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