Mathematics · Simple and Compound Interest
If the difference between the compound interest and simple interest on a certain sum of money for 2 years at an annual interest rate of 10% is Rs. 12, then find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1200✓
- 2Rs. 240
- 3Rs. 2400
- 4Rs. 1000
Correct answer
Rs. 1200
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