general math MCQ #237

Difference between the compound interest and simple interest accrued in 2 years at 6% per annum is Rs. 144. What is the principal amount?

general math MCQ #237

  1. Question 1

    Q1. Difference between the compound interest and simple interest accrued in 2 years at 6% per annum is Rs. 144. What is the principal amount?

    • A) Rs. 4000
    • B) Rs. 20000
    • C) Rs. 40000
    • D) Rs. 13000

    Answer: Rs. 40000

    Explanation: Difference between CI and SI for 2 years = P×(r/100)²; at 6%: P×0.0036 = 144 → P = Rs. 40000.