Question
The difference between simple and compound interest on a certain sum of money for 2 years at 4 per cent per annum is 1. The sum of money is :
Answer: Option D
Answer: (d)Using Rule 6,When difference between the CI and SI on a certain sum of money for 2 years at r % rate is x, thenSum = x × $(100/r)^2$= 1 × $(100/4)^2$ = Rs.625
Was this answer helpful ?
Answer: (d)Using Rule 6,When difference between the CI and SI on a certain sum of money for 2 years at r % rate is x, thenSum = x × $(100/r)^2$= 1 × $(100/4)^2$ = Rs.625
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution