The difference between the compound interest (compounded annually) and the simple interest received in 3 years at 20% per annum is ₹624. Find the principal.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹6,075
2. (B) ₹5,975
3. (C) ₹3,775
4. (D) ₹4,875

Verified Answer

Option (D): ₹4,875

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