Discussion :: Compound Interest
- If the difference between Simple Interest and Compound Interest on a sum of money for 3 years is Rs. 200 and the rate of interest is 10%, what is the sum?
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Answer : Option A
Explanation :
If the difference between C.I. and S.I. on a certain sum for 3 years at rate of interest r% is Rs. X, then the sum is given by;
Sum = 
We have;
X = Rs. 200
r = 10%
Therefore, sum = 
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