Mathematics · Interest Calculations
The difference between the simple interest and the compound interest (compounded annually) on a certain sum of money for 2 years at an annual interest rate of 19% is ₹195. Find the principal sum. [Round off your answer to the nearest integer.]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹5,383
- 2₹5,408
- 3₹5,414
- 4₹5,402✓
Correct answer
₹5,402
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