The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 month is $ 124.05. What is the principle sum?

The difference between the simple interest on a certain sum at the rat

1.	The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 month is $ 124.05. What is the principle sum?
A.	$ 6000
B.	$ 8000
C.	$ 10, 000
D.	$ 12, 000
Answer» C. $ 10, 000

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