Q20 of 89 Page 14

The difference in simple interest and compound interest on a certain sum of money at 6% per annum for 3 years in Rs. 46. Determine the sum.

Given,


S.I – C.I = Rs. 46


Rate = 6 %=


Time = 3 years


Let principal = Rs. P


So,


=


=


=


= P =


Hence,


Principal = Rs. 3375


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