A person got Rs.48 more when he invested a certain sum at compound interest ins

Question

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

Answer: Option A

P = (d * 100²) / R² => (48 * 100 * 100) / 8 * 8 = Rs.7500

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