Mathematics · Interest
The difference between the compound interest (compounded annually) and the simple interest on a sum of money at 40% per annum for 2 years is ₹2400. What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹20,000
- 2₹18,000
- 3₹17,500
- 4₹15,000✓
Correct answer
₹15,000
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