The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 768. The sum is:_________?
Q1. The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 768. The sum is:_________?
Answer: Rs120,000
Explanation: CI−SI for 2 years = P×(r/100)²; at 8%: P×0.0064 = 768 → P = Rs. 120,000.