Mathematics · Compound Interest
The compound interest exceeds the simple interest on a certain principal by Rs. 1.20 at an annual interest rate of 4% over 2 years. What is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 600
- 2Rs. 750✓
- 3Rs. 720
- 4Rs. 840
Correct answer
Rs. 750
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