If the difference between the simple interest and compound interest on some principal amount at 20% p.a. for 3 years is ₹ 48, then the principal amount must be

Ashutosh Nautiyal

If the difference between the simple interest and compound interest on some principal amount at 20% p.a. for 3 years is ₹ 48, then the principal amount must be

  • A. ₹ 550
  • B. ₹ 500
  • C. ₹ 375
  • D. ₹ 400
 

The correct answer is option C. 375. Can you explain this answer in the comments?


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If the difference between the simple interest and compound interest on some principal amount at 20% p.a. for 3 years is ₹ 48, then the principal amount must be




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