Mathematics · Simple and Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum for 2 years is Rs. 300. If the rate of interest is 20% per annum, find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7500✓
- 2Rs. 7200
- 3Rs. 6400
- 4Rs. 7000
Correct answer
Rs. 7500
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