SSC IB ACIO Grade II Mock Test 2023 Quantitative Aptitude Interest Compound Interest

The difference between the compound interest compounding half yearly for 1 year and the simple interest for 1 year on a certain sum of money lent out at 8% per annum is Rs 64. What is the sum (in Rs)?

1
40000
2
42000
3
44000
4
44800
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