Mathematics · Interest
The simple interest and compound interest (compounded annually) on a principal at a certain rate of interest for 2 years are Rs. 1600 and Rs. 1760 respectively. What is the principal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7000
- 2Rs. 6000
- 3Rs. 4000✓
- 4Rs. 10000
Correct answer
Rs. 4000
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