Mathematics · Compound Interest

What is the difference (in ₹) between the compound interest, when interest is compounded half-yearly, and the simple interest on a sum of ₹10,000 for 1 1/2 years at 10% p.a.?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

191.5
2102.25
387
476.25✓

Correct answer

76.25

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What is the difference (in ₹) between the compound interest, when interest is compounded half-yearly, and the simple interest on a sum of ₹10,000 for 1 1/2 years at 10% p.a.?

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What is the difference (in ₹) between the compound interest, when interest is compounded half-yearly, and the simple interest on a sum of ₹10,000 for 1 1/2 years at 10% p.a.?

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