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 compound interest on a certain sum of Rs.10000 at 10% p.a. for 2 years is
Find the difference between the compound interest and simple interest when a sum of Rs.15,625 is invested for 2 years at 4% per annum.
Find the amount Ravi needs to return to Monu, if he had borrowed ₹3,000 from Monu at 4% p.a. compound interest, compounded annually. 2 years ago.
Find the difference between the simple interest and the compound interest payable annually on a sum of Rs. 6,500 at 7% per annum for 3 years. (Correct to two decimal places.)
5% വാർഷിക നിരക്കിൽ ഒരു തുകക്ക് 2 വർഷത്തേക്ക് സാധാരണ പലിശയായി 200 രൂപ ലഭിച്ചു. അതെ തുകയ്ക്ക് അതെ നിരക്കിൽ രണ്ടു വർഷത്തേക്ക് ലഭിക്കുന്ന കൂട്ടുപലിശ എത്ര ?