The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4 % per annum is Re. 1. The sum (in ₹) is?
A. 625
B. 630
C. 640
D. 650
Answer:A
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4 % per annum is Re. 1. The sum (in ₹) is?
A. 625 B. 630 C. 640 D. 650