If at same rate of interest, in 2 years, the simple interest is ₹42 and compound interest is ₹51, then what is the principal (in ₹)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 49.
SI (2 yrs) = ₹42
CI = ₹51
Difference = ₹9
Let P be principal
Difference = (SI)2/(100 × P)