The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is
A. Rs 6500
B. Rs 6565
C. Rs 65065
D. Rs 65650
Answer:A
The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is
A. Rs 6500 B. Rs 6565 C. Rs 65065 D. Rs 65650