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If ₹15,000 is invested at an interest rate of 6% per annum for 2 years, what will be the difference between the compound interest (compounded annually) and simple interest for the same period at the mentioned rate?
₹36
₹90
₹54
₹ 72
₹54
Practice and solve "If ₹15,000 is invested at an interest rate of 6% per annum for 2 years, what will be the difference..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹54. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "If ₹15,000 is invested at an interest rate of 6% per annum for 2 years, what will be the difference..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹54. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.