Mathematics · Compound Interest
What will be the difference between compound interest and simple interest on a principal of ₹1,000 at a rate of 5% per annum for 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 3.50
- 2₹ 2.50✓
- 3₹ 3.00
- 4₹ 2.00
Correct answer
₹ 2.50
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