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470

Q:

The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?

  • 1
    Rs. 6,000
  • 2
    Rs. 4,800
  • 3
    Rs. 3,600
  • 4
    Rs. 2,400
  • 5
    Rs. 3,400
  • Show Answer
  • Workspace

Answer : 1. "Rs. 6,000"

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