A sum of ₹5,000 is invested at 8% per annum for 2 years. Find the difference (in ₹) between the compound interest (compounded annually) and the simple interest.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹32
- (B) ₹20
- (C) ₹50
- (D) ₹80
Verified Answer
Option (A): ₹32
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