Question
Quantitative Aptitude Question on SI & CI
The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum?
A
Rs. 550
B
Rs. 500
C
Rs. 375
D
Rs. 400
Answer
Rs. 375
Explanation
Solution
The correct option is (C):Rs. 375