Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest for 3 years at the rate of 20% per annum is ₹240. What is the principal amount lent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,775
- 2₹1,875✓
- 3₹1,675
- 4₹1,975
Correct answer
₹1,875
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