Mathematics · Interest
If a sum of 73,900 is deposited for 2 years at 4% per annum interest, then find the difference (rounded off to one decimal place) between the compound interest (when interest is compounded annually) and the simple interest earned on it.
- 1118.2✓
- 2123.3
- 3113.1
- 4126.9
Correct answer
118.2
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