The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?
The average revenues of 13 consecutive years of a company is Rs 70 lakhs. If the average of first 7 years is Rs 65 lakhs and that of last 7 years is Rs 77 lakhs, find the revenue for the 7th year.