Mathematics · Compound Interest

The difference between the compound interest (compounded annually) and simple interest on a sum of ₹5,000 at 10% per annum for two years is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹49
2₹53
3₹52
4₹50✓

Correct answer

₹50

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The difference between the compound interest (compounded annually) and simple interest on a sum of ₹5,000 at 10% per annum for two years is:

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The difference between the compound interest (compounded annually) and simple interest on a sum of ₹5,000 at 10% per annum for two years is:

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