On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is 180. If the rate of interest in both the cases is 10%, then the sum is ?

Vijay Sangwan • 28.62K Points
Instructor II Math

Q. On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is 180. If the rate of interest in both the cases is 10%, then the sum is ?

(A) 60,000
(B) 72,000
(C) 62,000
(D) 54,000

Correct Answer - Option(B)

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