A sum of ₹ 1,000 is invested for 2 years at an interest rate of 10% per annum. If the interest is compounded annually, find the difference (in ₹) between the compound interest and the simple interest.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 20
- (B) 10
- (C) 40
- (D) 30
Verified Answer
Option (B): 10
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