Which principal amounts to \ 174.000 and 174960 by simple interest and compound interest respectively, in a period of 2 years at 8 p.c.p.a.?
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• Which principal amounts to 1,74,000 and 1,74,960 by simple interest and
compound interest respectively, in a period of 2 years at 8 p.c.p.a.?
(1) rs. 150000
(2) rs.160,000
(3) rs.170,000
(4) Data is insufficient
Answer:
(3) rs.170,000
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