Question

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

A) 625 B) 635 C) 645 D) 655

Answer 1

Answer:

A)-Part........

hope it is correct......

Answer 2

Step-by-step explanation:

P(4

100

)2=1⇒P(

1

25

)2=1⇒

P

252

=1⇒P=625

P

(

4

100

)

2

=

1

⇒

P

(

1

25

)

2

=

1

⇒

P

25

2

=

1

⇒

P

=

625

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