Mathematics · Simple and Compound Interest
What is the difference between the compound interest (compounded annually) and the simple interest on a sum of ₹1,000 for 3 years at an annual interest rate of 10%?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹32
- 2₹35
- 3₹30
- 4₹31✓
Correct answer
₹31
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