If the difference between the compound interest compounded annually and simple interest on a certain amount at 10% per annum for two years is ₹372,…

CA Foundation · Quantitative Aptitude · MTP · January 2026
If the difference between the compound interest compounded annually and simple interest on a certain amount at 10% per annum for two years is ₹372, then the principal amount is
(A) A. ₹37,000
(B) B. ₹37,200
(C) C. ₹37,500
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹37,200

Topics: Part-A: Business Mathematics

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