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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.


  1. P = Rs 50,000

  2. P = Rs 10,000

  3. P = Rs 20,000

  4. P = Rs 18,000


Solution

The correct option is B

P = Rs 10,000


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