What is the principal amount if the difference between compound interest and simple interest on it for 3 years at an annual rate of 6 2/3% is Rs. 184?

Explanation

Let the principal be P. The difference between compound interest and simple interest for 3 years at 6 2/3% per annum is given as Rs. 184. Using the formula for difference: Difference = P * (r/100)^2 * n(n-1)/2, substituting values and solving for P results in Rs. 13,500.