Mathematics · Interest
The difference between simple interest and compound interest, compounded annually for 2 years at 8% per annum, is ₹96. What is the principal amount (in ₹)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 114,500
- 215,000✓
- 315,500
- 414,000
Correct answer
15,000
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