Mathematics · Interest
What is the difference between the compound interest compounded annually and the simple interest on ₹5,000 at the rate of 8% per annum for 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹64
- 2₹84
- 3₹48
- 4₹32✓
Correct answer
₹32
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