Mathematics for FinancePYQ Jun 23Question 1245 of 479
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The difference between compound interest and simple interest on a certain sum of money invested for 3\displaystyle 3 years at 6%\displaystyle 6\% per annum is 110.16\displaystyle 110.16. The principal is

Options

A3,000\displaystyle 3,000
B3,700\displaystyle 3,700
C12,000\displaystyle 12,000
D10,000\displaystyle 10,000
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Correct Answer

Option a3,000\displaystyle 3,000

All Options:

  • A3,000\displaystyle 3,000
  • B3,700\displaystyle 3,700
  • C12,000\displaystyle 12,000
  • D10,000\displaystyle 10,000

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