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Finding CI When Rate Compounded Anually or Semi - Anually

The simple in...

Question

The simple interest on a certain sum for 3 years is 2100 and the compound interest on the same sum at the same rate for 2 years is Rs 1449. Find the principal.

P = Rs 10,000

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P = Rs 20,000

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P = Rs 50,000

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P = Rs 18,000

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Solution

The correct option is A
P = Rs 10,000

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