The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is

The difference between simple and compound interest on a certain sum o

1.	The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is
A.	Rs. 600
B.	Rs. 625
C.	Rs. 560
D.	Rs. 650
Answer» C. Rs. 560

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The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is

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