Find the sum of which the difference between the simple interest and the compound interest at the rate of 8% per annum compounded annually be Rs. 64 in 2 years.
A
Rs. 8,000
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B
Rs. 10,000
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C
Rs. 12,000
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D
Rs. 15,000
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Solution
The correct option is A Rs. 10,000 Let the sum be Rs.P