Mathematics · Interest

If the rate of interest is 5% per annum, then what would be the difference between compound interest and simple interest received on ₹ 10,000 after 3 years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹ 24.25
2₹ 76.25✓
3₹ 152.25
4₹ 175.25

Correct answer

₹ 76.25

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If the rate of interest is 5% per annum, then what would be the difference between compound interest and simple interest received on ₹ 10,000 after 3 years?

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If the rate of interest is 5% per annum, then what would be the difference between compound interest and simple interest received on ₹ 10,000 after 3 years?

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