The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.05. what is the principal sum
A. Rs.8000
B. Rs.12000
C. none of these
D. Rs.6000
Answer:A
The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.05. what is the principal sum
A. Rs.8000 B. Rs.12000 C. none of these D. Rs.6000