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
Options:
A . 648
B . 600
C . 375
D . 350
E . None of these
Answer: Option C - For three years Sum = Difference x (100)3 r2(300 + r) = 48 x (100)3 202 (300 + 20) = Rs. 375
Submit Comment/FeedBack