Question

The difference between simple and compound interests compounded annually on a certain sum of money
for 2years at 4% per annum is Re. 1. The sum (in Rs.) is :
(A) 625
(B) 630
(C) 640
(D) 650
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Answer 1

Answer:

P = Diff(100/r)²

P = 1(100/4)²

P = 100*100/16

P = 625 (Ans)

(Mark as brainlist)

Answer 2

Answer: Option A  is correct answer