Mathematics · Simple and Compound Interest
On what sum of money will the difference between simple interest and compound interest (compounded annually) for 3 years at 5% per annum be Rs. 15.25?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,000
- 2Rs. 4,000✓
- 3Rs. 1,000
- 4Rs. 2,500
Correct answer
Rs. 4,000
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