Mathematics · Simple and Compound Interest
What will be the difference between the simple interest and compound interest on a sum of Rs. 15,000 for 2 years at the same interest rate of 12.5% per annum compounded annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 324.357
- 2Rs. 250.129
- 3Rs. 234.375✓
- 4Rs. 230.550
Correct answer
Rs. 234.375
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