The difference between the compound interest and the simple interest on a certain sum of money at 10% per annum for 2 years is ₹200. What is the sum of money, if in the case of compound interest, interest is compounded annually ?
- AOption (a)
₹25,000
- BOption (b)
₹15,000
- COption (c)
₹12,000
- DOption (d)
₹20,000
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Correct answer
₹25,000
