Mathematics · Compound Interest
What is the difference between the compound interest (compounded annually) and the simple interest on a sum of Rs. 10,000 at the rate of 8% p.a. for a period of 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 199.12
- 2Rs. 197.12✓
- 3Rs. 191.32
- 4Rs. 195.76
Correct answer
Rs. 197.12
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