Mathematics · Interest
Find the difference between the simple interest and the compound interest payable annually on a sum of Rs. 6,500 at 7% per annum for 3 years. (Correct to two decimal places.)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 95.67
- 2Rs. 98.73
- 3Rs. 97.78✓
- 4Rs. 94.34
Correct answer
Rs. 97.78
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