Mathematics · Compound and Simple Interest
The compound interest on a certain sum of money at a certain rate per annum for 2 years is Rs 2,050 and the simple interest on the same amount of money at the same rate for 3 years is Rs 3,000. Find the principal sum of money.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 25,000
- 2Rs 21,000
- 3Rs 18,000
- 4Rs 20,000✓
Correct answer
Rs 20,000
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