If the difference between the compound interest and simple interest on a certain sum of money for three years at 10% p.a. is Rs. 558. Then the sum is:
A. Rs. 18,500
B. Rs. 18,000
C. Rs. 16,000
D. Rs. 15,000
Answer: Option B
Solution (By Examveda Team)
$$\eqalign{ & 3:3:1 \cr & \frac{{100:10:1}}{{300 + 30 + 1}} \cr & 31 \to 558 \cr & P \to 18000 \cr} $$This Question Belongs to Arithmetic Ability >> Compound Interest
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