Question
Mathematics Question on SI & CI
The difference between simple interest and compound interest on a certain sum at 5% per annum for 2 years is ₹25. What is the sum invested?
A
₹ 6,000
B
₹ 8,400
C
₹ 10,000
D
₹ 12,000
Answer
₹ 10,000
Explanation
Solution
The correct answer is (C) : ₹ 10,000.