Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and the simple interest on ₹17,700 deposited at a 4% rate of interest per annum for 2 years is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹33.42
- 2₹28.32✓
- 3₹18.12
- 4₹27.62
Correct answer
₹28.32
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