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The difference between compound interest, compounded annually, and simple interest for 3 years at a rate of 20% per annum is ₹256. What is the principal lent?
₹1,000
₹2,000
₹3,000
₹4,000
₹2,000
Practice and solve "The difference between compound interest, compounded annually, and simple interest for 3 years at a ..." for Mathematics - Previous Year Paper 2025. The correct answer is Option B: ₹2,000. 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 a ..." for Mathematics - Previous Year Paper 2025. The correct answer is Option B: ₹2,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.