Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and the simple interest on a certain sum of money at 8% per annum for 2 years is ₹144. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹22,500✓
- 2₹40,000
- 3₹24,500
- 4₹20,500
Correct answer
₹22,500
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