Compound Interest Practice Test 3

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Question : 38 of 40

Marks: +1, -0

Find the sum invested if the difference between the simple interest and compound interest at 24% for 2 years is Rs 18,900.

Rs 39,12,000
Rs 3,28,125
Rs 3,76,250
Rs 3,81,252
Rs 3,58,120

Solution:

Sum =

\Difference × (100/R)^2

={18900×100×100}/{24×24}

Sum = Rs 3,28,125

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