Mathematics · Simple and Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum for 2 years at 10% per annum is Rs. 400. If the same sum is invested at 12.5% per annum (compounded annually) for 2 years, what will be the compound interest for the second year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,620
- 2Rs. 5,652
- 3Rs. 5,625✓
- 4Rs. 5,265
Correct answer
Rs. 5,625
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