A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum? Choose the correct choice
A) 7500 rupees	B) Rs.7000	C) Rs.8000	D) Rs.6500	E) None of these
P = (d * 1002) / R2   =&gt; (48 * 100 * 100) / 8 * 8 = Rs.7500   7500 rupeesNSWER:7500 rupees
<result>A</result>
A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?