If the difference between the compound interest (compounded annually) and simple interest received in 2 years at 5% per annum on a certain sum is ₹5, find that sum (in ₹).

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 2,500
2. (B) 2,000
3. (C) 1,000
4. (D) 1,500

Verified Answer

Option (B): 2,000

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