Mathematics · Compound Interest
The difference between the compound interest, compounded annually, and the simple interest, if ₹41,300 is deposited at a 5% rate of interest per annum for 2 years, is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹103.25✓
- 2₹107.45
- 3₹106.44
- 4₹105.24
Correct answer
₹103.25
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