Mathematics · Compound Interest and Simple Interest
The difference between compound interest, compounded annually, and simple interest on a certain sum of money at 10% per annum for 3 years is ₹5,084. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,64,000✓
- 2₹1,92,000
- 3₹1,46,000
- 4₹1,74,000
Correct answer
₹1,64,000
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