Mathematics · Simple and Compound Interest
The difference between compound interest (compounded annually) and simple interest for 3 years at a rate of 20% per annum is ₹256. What is the principal amount lent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹2,000✓
- 2₹3,000
- 3₹1,000
- 4₹4,000
Correct answer
₹2,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple and Compound Interest MCQs →Want more practice questions on Simple and Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple and Compound Interest