Mathematics for FinanceMTP Jun 24Question 1410 of 422
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If the difference between the compound interest compounded annually and simple interest on a certain amount at $10\%$ per annum for two years is $372$, then the principal amount is.

Options

A$37,000$
B$37,200$
C$37,500$
DNone of these
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Correct Answer

Option b$37,200$

All Options:

  • A$37,000$
  • B$37,200$
  • C$37,500$
  • DNone of these

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