Challenger App

No.1 PSC Learning App

1M+ Downloads
The difference between the compound interest, compounded annually, and the simple interest earned on a certain sum of money in two years at 10% interest per annum, is ₹197.2. Find the sum invested.

A₹19,720

B₹17,720

C₹16,720

D₹18,720

Answer:

A. ₹19,720

Read Explanation:

image.png

Related Questions:

Find the compound interest on ₹21,500 at 17% per annum for 1121\frac12 year, interest being compounded half yearly. (Round to the nearest paise.)
At what rate percentage per annum (correct to one place of decimal) will ₹17,280 amount to ₹23,520 in 2 years, if the interest is compounded annually?
2500 രൂപയ്ക്ക് 3% കൂട്ടു പലിശ കണക്കാക്കിയാൽ 2 വർഷത്തിനുശേഷം എത്ര പലിശ കിട്ടും ?

Find the compound interest on ₹20,000 at 20% p.a for 1121\frac12 years compounded half-yearly.

8000 രൂപ 10% കൂട്ടുപലിശ നൽകുന്ന ബാങ്കിൽ നിക്ഷേപിക്കുന്നു. 2 വർഷം കഴിയുമ്പോൾ എത്ര രൂപ തിരികെ നൽകും?