Mathematics · Interest
The difference between simple interest and compound interest on a principal of ₹ 2,000 for 2 years at 5% per annum is:
- 1₹ 5.00✓
- 2₹ 15.00
- 3₹ 10.50
- 4₹ 16.00
Correct answer
₹ 5.00
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