Multiple Choice Questions on If the difference between the simple interest and compound interests on some principal amount at 20 ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the difference between the simple interest and compound interests on some principal amount at 20 ...........

Quantitative Aptitude ( CCS) Compound Interest
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    If the difference between the simple interest and compound interests on some principal amount at 20% for 3 years is Rs. 48, then the principal amount is

    636

    Incorrect Answer

    650

    Incorrect Answer

    375

    Correct Answer

    400

    Incorrect Answer
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    Explanation:

    For three years
    Sum = Difference x (100)^3
    r^2(300 + r)
    = 48 x (100)^3
    20^2 (300 + 20)
    = Rs. 375

    By: Amit Kumar
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