Mathematics · Interest
The difference between the simple interest and the compound interest compounded annually on a certain sum of money for 2 years at a rate of 8% per annum is Rs. 16.80. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,625✓
- 2Rs. 2,025
- 3Rs. 2,825
- 4Rs. 2,225
Correct answer
Rs. 2,625
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