general math MCQ #1192

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

general math MCQ #1192

  1. Question 1

    Q1. The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

    • A) Rs0.30
    • B) Rs0.33
    • C) Rs0.36
    • D) Rs0.39

    Answer: Rs0.36

    Explanation: The difference between compound and simple interest for 2 years = P(r/100)²; with r=20%: P×0.04 = 144, so P = Rs. 3600.