Question
Download Solution PDFDifference between compound interest and simple interest is Rs. 3375 in 2 years and the rate of interest is 15%. Find the principal amount.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Rate = 15 %
Difference between CI and SI in 2 years= Rs. 3375
Time = 2 years
Concept:
CI – SI = P × (R/100)2
Calculation:
⇒ 3375 = P × (15/100)2
⇒ P = 150000
∴ The required result will be 150,000
Last updated on Jul 2, 2025
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