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? Options:  A) Rs.7500  B) Rs.7529  C) Rs.7518  D) Rs.7509  E) Rs.7506
P = (d * 1002) / R2   =&gt; (48 * 100 * 100) / 8 * 8   = Rs.7500   Rs.7500nswer:Rs.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?