Mathematics · Simple and Compound Interest
If at the same rate of interest, the simple interest for 2 years is ₹46 and the compound interest, compounded annually for 2 years, is ₹69, what is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹18.00
- 2₹23.00✓
- 3₹27.00
- 4₹23.00
Correct answer
₹23.00
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