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What is the difference between the compound interest and the simple interest on ₹5,000 at 10% per annum for 2 years?

1054Medium DSSSB TGT Computer Science 0 replies 1 views
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What is the difference between the compound interest and the simple interest on ₹5,000 at 10% per annum for 2 years?

  • A₹25
  • B₹75
  • C₹50
  • D₹100
Correct answer: C

Explanation

For 2 years the difference is P(R/100)² = 5000 × 0.01 = ₹50.

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