The difference between simple interest and compound interest on a sum for 2 years at 10% per annum is Rs. 50. Find the sum.

Topic: Interest
Subtopic: CI and SI Difference

ARs. 4,000

BRs. 5,000

CRs. 6,000

DRs. 7,500

Explanation

Difference D = P * (R/100)^2 => 50 = P * (10/100)^2 => 50 = P * (1/100) => P = 50 * 100 = Rs. 5,000.

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