Mathematics · Interest

Find the difference between the Compound Interest (CI) and Simple Interest (SI) on a principal sum of ₹1200 at an interest rate of 10% per annum for 2 years.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹16
2₹12✓
3₹11
4₹14

Correct answer

₹12

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Find the difference between the Compound Interest (CI) and Simple Interest (SI) on a principal sum of ₹1200 at an interest rate of 10% per annum for 2 years.

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Find the difference between the Compound Interest (CI) and Simple Interest (SI) on a principal sum of ₹1200 at an interest rate of 10% per annum for 2 years.

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