The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is 15. Then the sum is ?

Vikash Gupta • 33.56K Points
Instructor I Math

Q. The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is 15. Then the sum is ?

(A) 6,500
(B) 5,500
(C) 6,000
(D) 7,000

Correct Answer - Option(C)

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