The difference between compound interest and simple interest is Rs. 228 for a certain sum of money at 8% per annum for 1\frac{1}{2} years, when compound interest is compounded half-yearly and simple interest is computed yearly. What is the sum?

SSC GD Constable 10 Jan 2023 Shift 2 Paper

Question : 43 of 100

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The difference between compound interest and simple interest is Rs. 228 for a certain sum of money at 8% per annum for

1\;{1}/{2}

years, when compound interest is compounded half-yearly and simple interest is computed yearly. What is the sum?

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