Mathematics · Compound Interest
The compound interest on a sum at a certain rate per annum compounded annually for 2 years is ₹832 and the simple interest on the same sum for the same period and at the same rate of interest is ₹800. The difference between the compound interest and simple interest for a period of 3 years on the same sum would be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹98.56✓
- 2₹48.00
- 3₹66.52
- 4₹99.48
Correct answer
₹98.56
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