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For 2 years at 15% per annum, the compound interest on a sum exceeds its simple interest by ₹135. Find the sum (in ₹).

Competition practiceSimple & Compound Interest
  • A6000
  • B9000
  • C4500
  • D5400

Step-by-Step Solution

For 2 years, CI − SI = . So , giving = ₹6,000.
Answer: A) 6000

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