Question
The difference between the Simple Interest and Compound Interest on a certain sum for 2 years at 15% Interest is Rs. 90. Find the Principal?
Answer: Option D
- Difference between the compound interest and simple interest for 2 years on a certain sum is = Pr2 1002 Hence 90 = P x 15 x 15 100 x 100 P = 90 x 100 x 100 = Rs. 4000 15 x 15
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- Difference between the compound interest and simple interest for 2 years on a certain sum is = Pr2 1002 Hence 90 = P x 15 x 15 100 x 100 P = 90 x 100 x 100 = Rs. 4000 15 x 15
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