The difference between compound and simple interest on a certain sum of money f

Question

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

Options:

A . Rs.12000

B . Rs.14200

C . Rs.17520

D . Rs.13500

Answer: Option D

P = (184*10⁶) / [6 2/3 * 6 2/3 *(300*6 2/3)]

P = 13500

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