Mathematics · Compound Interest
An investment in a venture at 15% per annum interest rate after 2 years yields Rs 180 more when compounded annually than when calculated as simple interest for the same period and rate. What is the principal investment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 9,000
- 2Rs 8,400
- 3Rs 8,000✓
- 4Rs 7,500
Correct answer
Rs 8,000
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