Mathematics · Compound Interest
The difference between a compound interest, compounded annually, and a simple interest for 3 years at the rate of 20% per annum, is ₹608. What is the principal lent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹4,740
- 2₹4,750✓
- 3₹4,760
- 4₹4,770
Correct answer
₹4,750
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