The difference between the compound and

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

The difference between the compound and the simple interests for 3 years at the rate of 20% per annum is ₹432. What is the principal lent?

Options:

₹3,378

₹3,375

₹3,385

₹3,380

Correct Answer:

₹3,375