The difference between compound interest and simple interest of a sum for 2 year

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Question

The difference between compound interest and simple interest of a sum for 2 years at 8 per cent is 768. The sum is

Options:

A . 1,70,000

B . 1,00,000

C . 1,20,000

D . 1,10,000

Answer: Option C
Answer: (c)Using Rule 6,Simple ApproachSum = (CI - SI)$(100/r)^2$= 768 × $(100/8)^2$ = Rs.1,20,000

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