PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2018

Practice Mode:
61.

If the difference between the simple and compound interest on some principal amount at 20% for 3 years is Rs. 48, then the principal amount must be :

A: Rs. 550
B: 500
C: Rs. 375
D: Rs. 400

The answer is: C