Mathematics · Compound Interest
Find the difference between the compound interest (compounded annually) and simple interest when a sum of Rs. 15,625 is invested for 3 years at 4% per annum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 86
- 2Rs. 56
- 3Rs. 96
- 4Rs. 76✓
Correct answer
Rs. 76
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