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The difference between compound interest and simple interest at a rate of 5% per annum over a period of 2 years on an amount of ₹15,000 is:
₹41.90
₹33.60
₹42.10
₹37.50
₹37.50
Practice and solve "The difference between compound interest and simple interest at a rate of 5% per annum over a period..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹37.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The difference between compound interest and simple interest at a rate of 5% per annum over a period..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹37.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.