Mathematics · Simple and Compound Interest
The difference between the compound interest for 2 years at a 20% annual rate of interest (compounded annually) and the simple interest for 4 years at a 10% annual interest rate on the same sum is Rs. 115. Find the principal sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7855
- 2Rs. 3245
- 3Rs. 2245
- 4Rs. 2875✓
Correct answer
Rs. 2875
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