Mathematics · Interest
The difference (rounded off to one decimal place) between the compound interest (when interest is compounded annually), and the simple interest if ₹69,500 is deposited at 4% rate of interest per annum for 2 years, is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹112.1
- 2₹107.5
- 3₹111.2✓
- 4₹112.4
Correct answer
₹111.2
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