1.

Difference between compound interest and simple interest is Rs. 3375 in 2 years and the rate of interest is 15%. Find the principal amount.1. Rs. 100,0002. Rs. 150,0003. Rs. 160,0004. Rs. 200,000

Answer» Correct Answer - Option 2 : Rs. 150,000

Given:

Rate = 15 %

Difference between CI and SI in 2 years= Rs. 3375

Time = 2 years

Concept:

CI – SI = P × (R/100)2

Calculation:

⇒ 3375 = P × (15/100)2

⇒ P = 150000

∴ The required result will be 150,000



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