Mathematics · Commercial Mathematics
Calculate the values for the following statements and choose the correct ascending order of their amounts/sums: (K) Compound amount obtained on ₹3,000 for 2 years at an annual compound interest rate of 20%. (L) The sum of money on which the difference between compound interest and simple interest for 2 years at 4% per annum is ₹8. (M) The sum of money on which simple interest for 3 years at 14% per annum is exactly half of the compound interest earned on ₹10,000 for 2 years at 10% per annum. (N) The principal sum of money that amounts to ₹8,028 in 3 years and to ₹12,042 in 6 years at a certain rate of compound interest per annum. (O) The absolute difference between compound interest and simple interest on ₹5,00,000 for 2 years at 8% per annum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1M → O → K → L → N✓
- 2N → M → O → K → L
- 3O → K → L → M → N
- 4K → L → N → M → O
Correct answer
M → O → K → L → N
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