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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is ______ .

A5000

B10000

C50000

D100000

Answer:

C. 50000

Read Explanation:

If Diff. between SI & CI for 2 years is Rs. x, then Principal = x (100/r)^2 P = 405 x (100x100)/(9x9) → P = 50000.


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