πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    The difference between compound interest and simple

    interest on a sum for 3 years at 10% per annum is Rs 93. Find the principal.
    A Rs.3200 Correct Answer Incorrect Answer
    B Rs.3000 Correct Answer Incorrect Answer
    C Rs.2540 Correct Answer Incorrect Answer
    D Rs.4752 Correct Answer Incorrect Answer

    Solution

    ATQ, For 3 years at 10%, CI - SI = P x 31/1000 Given: P x 31/1000 = 93 P = 93 x 1000 / 31 P = 3000

    Practice Next

    Relevant for Exams:

    ask-question