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The difference between the compound interest and simple interest on a certain sum at 12% per annum for 2 years is Rs.126.72. Find the sum.

Option: 1
Rs.8000

Option: 2
Rs.8800

Option: 3
Rs.10200

Option: 4
Rs.12400

Answers (1)

best_answer

Difference B/W C.I and S.I = P (r/100) ²
126.72 = p (12/100)²
P = 8800

Posted by

Shailly goel

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