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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 |
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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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