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The difference between 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.a)Rs 2,00,000b)Rs 20,000c)Rs 10, 000d)Rs 1,00, 000e)Rs 2,000Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The difference between 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.a)Rs 2,00,000b)Rs 20,000c)Rs 10, 000d)Rs 1,00, 000e)Rs 2,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The difference between 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.a)Rs 2,00,000b)Rs 20,000c)Rs 10, 000d)Rs 1,00, 000e)Rs 2,000Correct answer is option 'B'. Can you explain this answer?.

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