Mathematics · Interest Calculations
If the rate of interest is 15% per annum, then what is the difference between compound interest (compounded annually) and simple interest received on Rs. 10,000 after 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 295.50
- 2Rs. 300.00
- 3Rs. 305.25
- 4Rs. 708.75✓
Correct answer
Rs. 708.75
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