The difference between simple and compound interest compounded annually on a certain sum of money for $2$ years at $4 \%$ per annum is $Rs. 1$ The sum (in $Rs.$) is

  • A

    $625$

  • B

    $630$

  • C

    $640$

  • D

    $650$

Similar Questions

₹ $800$ at $5 \%$ per annum compound interest amount to $₹ 882$ in (In $years$)

The compound interest (In ₹) on ₹ $5,000$ for $3$ years at $10 \%$ per cent will amount to

$B$ borrow ₹ $5,000$ from $A$ at $6 \%$ p.a. simple interest and lends it to $C$ at compound interest of $10 \%$ p.a. If $B$ collects the money back from $C$ after $2$ years and repays $A ,$ the profit made by $B$ in the transaction is (In ₹)

Sonika invested an amount of ₹ $5800$ for $2$ years. At what rate of compound interest (In $\% p.a.$) will she get an amount of ₹ $594.50$ at the end of two years?

A man gave $50 \%$ of his savings of ₹ $84,100$ to his wife and divided the remaining sum among his two sons $A$ and $B$ of $15$ and $13$ years of age respectively. He divided it in such a way that each of his sons, when they attain the age of $18$ years, would receive the same amount at $5 \%$ compound interest per annum. The share of $B$ was (In ₹)