Mathematics · Interest
What is the difference (in ₹) between the compound interest when the interest is compounded 5-monthly, and the simple interest on a sum of ₹ P for 1(1/4) years at 12% p.a.?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(51/8000)P
- 2(41/8000)P
- 3(91/8000)P
- 4(61/8000)P✓
Correct answer
(61/8000)P
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