The difference between the compound interest and simple interest on a certain sum at 6.25% p.a. for 2 years is Rs 70.31. What is the sum? Options: A . &nbspRs14000 approx B . &nbspRs 16000 approx C . &nbspRs 18000 approx D . &nbspRs 20000 approx

The difference between the compound interest and simple interest on a certain

Question

The difference between the compound interest and simple interest on a certain sum at 6.25% p.a. for 2 years is Rs 70.31. What is the sum?

Options:

A . Rs14000 approx

B . Rs 16000 approx

C . Rs 18000 approx

D . Rs 20000 approx

Answer: Option C

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