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

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Let the sum be Rs. x. Then C.I=x[1+4/100)^2-x]=[626/675x-x] S.I=x^2/25 C.I-S.I=1

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

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