The difference between the CI and SI for 2 year is 21. If the rate of interest is 5%, the final principal is:

CA Foundation · Quantitative Aptitude · MTP · May 2026
The difference between the CI and SI for 2 year is 21. If the rate of interest is 5%, the final principal is:
(A) A. ₹ 8,200
(B) B. ₹ 4,800
(C) C. ₹ 8,000
(D) D. ₹ 8,400

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹ 8,400

Topics: Part-A: Business Mathematics

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