Mathematics · Interest
The difference between the compound interest and simple interest on a sum for 2 years at 15% p.a. is ₹360. What is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹15,000
- 2₹16,000✓
- 3₹18,000
- 4₹20,000
Correct answer
₹16,000
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