Question:
A certain sum of money earns a simple interest of ₹ 800 over 2-year period. The same sum of money invested at the same rate of interest and same period on a compound interest basis earns an interest of ₹ 900. What is the sum?
A certain sum of money earns a simple interest of ₹ 800 over 2-year period. The same sum of money invested at the same rate of interest and same period on a compound interest basis earns an interest of ₹ 900. What is the sum?
Updated On: Aug 5, 2024
- ₹1,200
- ₹1,600
- ₹2,000
- ₹2,400
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The Correct Option is B
Solution and Explanation
The Correct Option is (B) :₹1,600
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