Mathematics · Compound Interest
The difference between simple interest and compound interest (compounded annually) on a certain sum of money for 3 years at the rate of 20% per annum is Rs. 192. What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,000
- 2Rs. 1,500✓
- 3Rs. 1,400
- 4Rs. 1,200
Correct answer
Rs. 1,500
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