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Question

On what sum of money will the difference between the compound interest & simple interest for 2 years be equal to Rs. 25 if the rate of interest charged for both is 5% p.a.?     


  1. Rs.15000

  2. Rs.10000

  3. Rs.20000

  4. Rs.1000

  5. Rs.2000


Solution

The correct option is B

Rs.10000


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