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Q: If the difference between simple interest and compound interest on a certain sum for 2 years at 10% is Rs. 50, then find the sum
A. Rs. 5050 B. Rs. 4700
C. Rs. 5000 D. Rs. 3750

Answer and Explanation

Answer:Rs. 5000

Explanation:
(CI – SI)for 2 years = P(R/100)2
50 = P(10/100)2 = P/100
P = Rs. 5000

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