Find the difference between the compound interest and simple interest earned over a period of 2 years at 5% per annum on a sum of ₹15,000.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹33.60
2. (B) ₹37.50
3. (C) ₹42.10
4. (D) ₹41.90

Verified Answer

Option (B): ₹37.50

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