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Q: A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum  ?

  • 1
    Rs.8000
  • 2
    Rs.6500
  • 3
    Rs.7500
  • 4
    Rs.5000
  • Show Answer
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Answer : 3. "Rs.7500"
Explanation :

Answer: C) Rs.7500 Explanation: p=d×1002R2  Where d is difference, r is rate of interest.  => (48 x 100 x 100) / 8 x 8 = Rs.7500

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