The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum. Options: A . &nbspRs 10000 B . &nbspRs 11000 C . &nbspRs 12000 D . &nbsp none of these

The difference between compound interest (compounded annually) and simple int

Question

The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum.

Options:

A . Rs 10000

B . Rs 11000

C . Rs 12000

D . none of these

Answer: Option A

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