Mathematics · Compound Interest
If the compound interest on a certain sum at 5% per annum for 12 years (compounded annually) is ₹ 104.05, what will be the simple interest on the same sum at the same rate for the same period?
- 1₹ 215.75
- 2₹ 225
- 3₹ 125.75
- 4₹ 100✓
Correct answer
₹ 100
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