The difference between simple and compound interest for the fourth year is Rs. 7280 at 20% p.a. What is the principal sum?

The difference between simple and compound interest for the fourth yea

1.	The difference between simple and compound interest for the fourth year is Rs. 7280 at 20% p.a. What is the principal sum?
A.	10000
B.	50000
C.	70000
D.	40000
Answer» C. 70000

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The difference between simple and compound interest for the fourth year is Rs. 7280 at 20% p.a. What is the principal sum?

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