Question

    The difference between the compound interest and simple

    interest on a certain sum for 2 years at 12% per annum is 144. Find the principal amount.
    A 7,000 Correct Answer Incorrect Answer
    B 7,500 Correct Answer Incorrect Answer
    C 8,000 Correct Answer Incorrect Answer
    D 10,000 Correct Answer Incorrect Answer

    Solution

    Let the principal be P 144 = P× 144/10000 P = 10,000

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