The difference between the compound interest in a year compounded half yearly and the simple interest in a year on a certain sum of money lent at 10% p.a. is Rs 15. Find the sum of money lent.

P = Rs 6000

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P = Rs 7000

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P = Rs 2000

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P = Rs 1000

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Solution

The correct option is A
P = Rs 6000

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The difference between the compound interest in a year compounded half yearly and the simple interest in a year on a certain sum of money lent at 10% p.a. is Rs 15. Find the sum of money lent.

The correct option is A P = Rs 6000

The correct option is A
P = Rs 6000