Question:medium

On a certain principal, CI and SI at a certain rate of interest for 2 years is ₹ 16560 and ₹ 14400 respectively. Find the principal and rate of interest per annum.

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For 2 years, use the relation \( CI - SI = \frac{P \times R^2}{100^2} \). This shortcut saves time compared to expanding the full CI formula.
Updated On: Nov 25, 2025
  • 21,600, 13%
  • 20,000, 30%
  • 24,000, 30%
  • 24,000, 35%