Mathematics · Interest
The difference between Compound Interest and Simple Interest on a certain principal amount at 10% per annum for 2 years is Rs. 500. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 50,000✓
- 2Rs. 5,000
- 3Rs. 25,000
- 4Rs. 30,000
Correct answer
Rs. 50,000
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