Multiple choice

The difference between the CI and SI on a certain sum of money at 10% per annum for 3 years is Rs.620. Find the principal if it is known that the interest is compounded annually. एक निश्चित धनराशि पर 3 वर्षों में 10% वार्षिक ब्याज की दर से चक्रवृद्धि ब्याज और साधारण ब्याज में अन्तर 620 रु. है | मूलधन ज्ञात कीजिये यदि यह पता है कि चक्रवृद्धि ब्याज वार्षिक रूप से उप्चयित है |

  1. 200000

  2. 20000

  3. 10000

  4. 100000

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B Correct answer
Explanation

For 3 years at 10%, the CI-SI difference formula is P(r/100)²(r/100 + 3). With r = 10, this becomes P(0.1)²(3.1) = 0.031P. Setting 0.031P = 620 gives P = 620/0.031 = 20000.