Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest on a sum of ₹48,00,000 for 2 years at 5% per annum payable yearly (in ₹) is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 112,000✓
- 215,000
- 314,000
- 414,500
Correct answer
12,000
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