Q10 of 52 Page 112

Let us calculate the difference between the compound interest and simple interest on ₹12000 for 2 years, at 7.5% interest per annum.

Let principal = ₹x


∴ Simple interest at 7.5% for 2 years



Compound interest at 7.5% for 2 years




∴ Compound interest for 2 years


By the condition,





∴ x = ₹2133333.33


∴ Principal is ₹2133333.33


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