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?
Answers
A) 7500 B) 2776 C) 2877 D) 2667 E) 2671
P = (d * 1002) / R2   =&gt; (48 * 100 * 100) / 8 * 8 = Rs.7500   7500nswer:7500
<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?