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The difference between compound interest and simple interest on a sum for 2 years at 15% per annum is ₹360. Find the sum. (answer in ₹)

Competition practiceSimple & Compound Interest
  • A14400
  • B15000
  • C18000
  • D16000

Step-by-Step Solution

Difference for 2 years = = ₹16000.
Answer: D) 16000

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