Mathematics · Interest
The simple interest and compound interest (compounded annually) on a principal at a certain rate of interest for 2 years are Rs. 12,800 and Rs. 14,400 respectively. What is the principal amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 25,600✓
- 2Rs. 27,800
- 3Rs. 24,400
- 4Rs. 29,900
Correct answer
Rs. 25,600
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