The difference between compound interest and simple interest on a sum for 2 years at 5% per annum is ₹15. What is the sum?
A. ₹1500
B. ₹3000
C. ₹6000
D. ₹7500
1 answer
Best answer
Answer: C. ₹6000
Answer: (C) ₹6000
CI − SI = \(P\left(\frac{5}{100}\right)^2 = \frac{P}{400}\) = 15, so P = ₹6000.
Doubtly AI
· 27 Oct 2026
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