App Logo

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:

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 ______ .
Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?
The compound interest on a certain sum of Rs.10000 at 10% p.a. for 2 years is
Calculate the compound interest on ₹72,000 at the rate of 9% per annum for 18 months when interest is compounded half yearly (rounded off up to the nearest ₹).
ഹരിയും അനസും ഒരേ തുക 2 വർഷത്തേക്ക് ബാങ്കിൽ നിക്ഷേപിച്ചു. ഹരി 10% സാധാരണപലിശയ്ക്കും , അനസ് 10% കൂട്ടുപലിശയ്ക്കും . കാലാവധി പൂർത്തിയായപ്പോൾ അനസിന് 100 കൂടുതൽ കിട്ടിയെങ്കിൽ എത്ര രൂപ വീതമാണ് നിക്ഷേപിച്ചത് ?