Question

77. If the difference between compound and
simple interest on a certain sum of money for 3
years at 2% p.a. is $ 604, what is the sum?
(1) 5,00,000
(2) 4,50,000
(3) 5,10,000
(4) None of these​

Answer 1

If the difference between compound and simple interest on a certain sum of money for 3 years at 2% p.a. is Rs. 604, what is the sum?

$\text{5,00,000}$