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The difference between C.I. and S.I. on a certain sum of money at 10% per annum for 3 years is Rs. 620. Find the principal if it is known that the interest is compounded annually.
Rs. 2,00,000
Rs. 20,000
Rs. 10,000
Rs. 1,00,000
Diff. between CI and SI =P * r2/1003 * (300+r) 620=p*100/1003 * 310 P=Rs20,000
Hence, option 2 is the correct answer.
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