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The difference between the simple interest and the compound interest on a certain amount at 5% for two years is Rs. 25, what is the amount?
Question

The difference between the simple interest and the compound interest on a certain amount at 5% for two years is Rs. 25, what is the amount?

A.

Rs. 8000

B.

Rs. 9000

C.

Rs. 10,000

D.

Rs. 15,000

Correct option is C


Formula used for 2 years difference between SI and CI =


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