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The difference between compound interest (compounded annually) and simple interest for 3 years at the rate of 20% per annum is ₹624. What is the principal lent?
₹5,975
₹3,775
₹4,875
₹6,075
₹4,875
Practice and solve "The difference between compound interest (compounded annually) and simple interest for 3 years at th..." for Mathematics - Previous Year Paper 2026. The correct answer is Option C: ₹4,875. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The difference between compound interest (compounded annually) and simple interest for 3 years at th..." for Mathematics - Previous Year Paper 2026. The correct answer is Option C: ₹4,875. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.