Question
If the difference between the simple interest and compound interests on some principal amount at 20% for 3 years is Rs. 48, then the principal amount is
Answer: Option C
- For three years Sum = Difference x (100)3 r2(300 + r) = 48 x (100)3 202 (300 + 20) = Rs. 375
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- For three years Sum = Difference x (100)3 r2(300 + r) = 48 x (100)3 202 (300 + 20) = Rs. 375
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