Mathematics · Simple and Compound Interest
The difference between the compound interest (when interest is compounded annually) and the simple interest if ₹92,300 is deposited at 5% rate of interest per annum for 2 years is:
- 1₹227.50
- 2₹241.75
- 3₹233.50
- 4₹230.75✓
Correct answer
₹230.75
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