Math MCQ: On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is ?

On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is ?

Correct Answer: 8750

Make the most of this question

This page focuses on one Math question from English. After checking the answer, return to the topic list to practice more or run a timed set.

← More Math MCQs All English topics Mock test hub

WhatsApp+91 99922 70404Math MCQ: On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is ? | Extra Education