Mathematics · Simple and Compound Interest
The difference between the simple interest and the compound interest on a certain sum of money at 9% per annum for two years is ₹162. What is the principal sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹19,500
- 2₹20,000✓
- 3₹19,000
- 4₹19,700
Correct answer
₹20,000
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