Find the amount of money for which the difference between compound interest and simple interest over a 2-year period at 5% per annum equals ₹63.

Question

Find the amount of money for which the difference between compound interest and simple interest over a 2-year period at 5% per annum equals ₹63.

Options

A.

24600rs

B.

24800rs

C.

25200rs

D.

25500rs

ssc—chsl (10 + 2) exam, 2015interest differenceprincipal calculationrate application

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