Mathematics · Simple and Compound Interest

In 3 years, the difference between the simple interest and compound interest on the same principal amount at 20% per annum is Rs 32. Find the principal.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs 250✓
2Rs 650
3Rs 350
4Rs 550

Correct answer

Rs 250

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In 3 years, the difference between the simple interest and compound interest on the same principal amount at 20% per annum is Rs 32. Find the principal.

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In 3 years, the difference between the simple interest and compound interest on the same principal amount at 20% per annum is Rs 32. Find the principal.

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