Mathematics · Simple and Compound Interest

The difference between compound interest (compounded annually) and simple interest on ₹ 10,000 for 2 years at 10% per annum is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹ 200
2₹ 50
3₹ 10
4₹ 100✓

Correct answer

₹ 100

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The difference between compound interest (compounded annually) and simple interest on ₹ 10,000 for 2 years at 10% per annum is:

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The difference between compound interest (compounded annually) and simple interest on ₹ 10,000 for 2 years at 10% per annum is:

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