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 Pick one
A) 124.05  B) 124.09  C) 124.04  D) 124.06  E) 124.02
Explanation:   Compound Interest on P at 10% for 2 years when interest is compounded half-yearly   =   Simple Interest on P at 10% for 2 years =   Given that difference between compound interest and simple interest = 124.05   124.05nswer:124.05
<result>A</result>
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