Mathematics · Interest
The difference between compound interest and simple interest on a certain sum of money for three years at 10% per annum is Rs. 248. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 9,500
- 2Rs. 9,000
- 3Rs. 8,500
- 4Rs. 8,000✓
Correct answer
Rs. 8,000
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