Mathematics · Interest
The difference between the compound interest (compounding annually) and simple interest on a sum of money at the rate of 40% per annum for 2 years is Rs. 2,400. What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 15,000✓
- 2Rs. 17,500
- 3Rs. 20,000
- 4Rs. 18,000
Correct answer
Rs. 15,000
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