Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and simple interest on a sum of money for two years at 11% per annum is ₹242. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹20,000✓
- 2₹21,800
- 3₹20,500
- 4₹21,000
Correct answer
₹20,000
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