Mathematics · Interest
What will be the ratio of simple interest to compound interest (compounded annually) on two identical sums invested at an interest rate of 8% per annum for a period of three years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1243 : 342
- 23 : 5
- 31875 : 2029✓
- 43 : 4
Correct answer
1875 : 2029
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