Compound Interest Practice Test 2

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Question : 15 of 40

Marks: +1, -0

The difference between CI and SI for 3 years at 8% 1 p.a. is Rs 184.8. Find the principal.

Rs 1,795.2
Rs 937.5
Rs 1,080.7
Rs 1,830.14
Rs 1,654.33

Solution:

Sum

={\Difference×100×100×100}/{(\Rate)^2×(300+\Rate)}

={184.8×100×100×100}/{8×8×308}

= Rs 937.5

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