Explanation:

(d) 

Let the Principal be INR &lsquo;P&rsquo;

Difference of CI &amp; SI for 3 years is given by the formula,

CI &ndash; SI = P[(R%)^3 +&nbsp;3(R%)^2]

527 = P[(10%)^3+ 3(10%)^2]

Solving the equation we get, P = INR 17,000. Ans.

IPMAT Indore 2023 - QA (MCQ) Q23 Explanation

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