Mathematics · Compound and Simple Interest
The compound interest on ₹5,000 for 2 years compounded annually is ₹253.125. What would be the interest if the same sum is invested for the same duration at the same rate of simple interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹248
- 2₹250✓
- 3₹240
- 4₹255
Correct answer
₹250
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