Question:
Find the sum if the difference between the Compound Interest and the Simple Interest for 3 years is Rs.25029 at 9 % p.a. when the interest is compounded annually.
Find the sum if the difference between the Compound Interest and the Simple Interest for 3 years is Rs.25029 at 9 % p.a. when the interest is compounded annually.
Updated On: Oct 19, 2024
- Rs.500580
- Rs.1000000
- Rs.1003560
- Rs.1200060
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The Correct Option is B
Solution and Explanation
The correct answer is (B): Rs.1000000
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