Mathematics · Compound Interest
If ₹98,200 is deposited for 2 years at an annual interest rate of 7%, find the difference between the compound interest (when interest is compounded annually) and the simple interest (rounded to one decimal place).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹487.5
- 2₹488.6
- 3₹481.2✓
- 4₹471.8
Correct answer
₹481.2
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