Mathematics · Simple and Compound Interest
The difference between simple interest and compound interest on a certain sum of money for 3 years at 20% per annum is ₹1,024. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹8,000✓
- 2₹10,000
- 3₹6,000
- 4₹5,000
Correct answer
₹8,000
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