Mathematics · Compound Interest
The difference (rounded off to one decimal place) between the compound interest (when interest is compounded annually) and the simple interest if &20051;29,200 is deposited at 8% rate of interest per annum for 2 years is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1&20051;197.2
- 2&20051;188.1
- 3&20051;186.9✓
- 4&20051;185.9
Correct answer
&20051;186.9
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