Compound Interest Practice Test 5

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Question : 8 of 40

Marks: +1, -0

The difference between simple interest and compound interest on a certain sum at 16% p.a. is Rs 22 and 20 paise. Find the sum.

826.33
832.14
867.19
850.19
819.17

Solution:

Sum = Difference ×

(100/R)^2

={22.20×100×100}/{16×16}

Sum = 867.19

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