EM-2446
Rate and average speed
E Math · Secondary 4 · Medium · Rate and average speed
A sum of money is invested for 2 years at 4% per annum.
The difference between the compound interest and the simple interest for this period is \$48.
Find the principal amount invested.
The difference between the compound interest and the simple interest for this period is \$48.
Find the principal amount invested.
- \$3 000
- \5 000
- \$30 000
- \$48 000
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