Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum of money for 2 years at an interest rate of 4% per annum is ₹68. Calculate the principal amount invested.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹42,500✓
- 2₹45,500
- 3₹43,500
- 4₹44,500
Correct answer
₹42,500
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