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:

The difference between simple and compound interests, compounded annually, on a certain sum of money for 2 years at 5% per annum is ₹1,600. Find the sum (in ₹).
Komal invested a sum of ₹5000 at 20% per annum compound interest, componded annually. If she received an amount of ₹7200 after n years, the value of n is:
Ajay received ₹41,160 for lending ₹z for 3 years at the rate of 40% per annum compound interest. What is the value of z (in ₹)?
20% കൂട്ടുപലിശ ക്രമത്തില്‍ എന്തു തുക നിക്ഷേപിച്ചാല്‍ 2 വര്‍ഷം കഴിയുമ്പോള്‍ 1,440 രൂപ കിട്ടും
At what rate per cent per annum will a certain sum of money multiply itself by 55 times in 2 years, the interest being compounded annually? [Give your answer correct to 1 decimal place.]