If the difference between the annually compounded interest and simple interest on a certain sum of money at 8% per annum for 3 years is ₹ 788. Then…

CA Foundation · Quantitative Aptitude · PYQS · May 2026
If the difference between the annually compounded interest and simple interest on a certain sum of money at 8% per annum for 3 years is ₹ 788. Then the principle amount is ______
(A) A. ₹ 39,175
(B) B. ₹ 39,475
(C) C. ₹ 39,975
(D) D. ₹ 40,475

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 39,975

Topics: Part-A: Business Mathematics

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