Mathematics · Compound Interest
If the difference between the compound interest (compounded annually) and the simple interest on a certain sum of money at 5% per annum for 3 years is Rs. 183, then what is the sum of money invested?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 20,000
- 2Rs. 28,000
- 3Rs. 24,000✓
- 4Rs. 16,000
Correct answer
Rs. 24,000
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