Mathematics · Simple and Compound Interest
The difference between the compound interest (compounded annually) and simple interest on a certain sum of money for 2 years at 8% per annum is ₹480. What is the principal sum of money (in ₹)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 170,000
- 275,000✓
- 381,250
- 460,000
Correct answer
75,000
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