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By Compound Interest Mathematics Mcqs No Comments

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

A. Rs.12000
B. Rs.14200
C. Rs.17520
D. Rs.13500

Explanation:

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P = (184*106) / [6 2/3 * 6 2/3 *(300*6 2/3)]

P = 13500

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