Question

A particular sum of money, when invested at a simple interest rate, yields Rs. 3,000 as interest after 2 years. The same sum, when invested at compound interest (compounded annually) for the same period and at the same rate, yields Rs. 3,300 as interest. What is the principal sum?

A Rs 7,500
B Rs 7,000
C Rs 7,550
D Rs 7,390
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