Question

The difference between simple and compound interest on a certain sum of money for
2 years at 2% per annum is * 4. Find the sum of money
1.
(A)
* 2,000
(B)
7,500
(C)
* 10,000
(D)
*12,000
Answer not known​

Answer 1

Using the above formula for a sum of money 'P' invested for two years at 4% p.a., given that the difference between CI&SI is Rs.20