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The difference between the compound interest (compounded annually) and the simple interest if ₹21400 is deposited at 5% rate of interest per annum for 2 years is:
₹56.40
₹46.60
₹56.50
₹53.50
₹53.50
Practice and solve "The difference between the compound interest (compounded annually) and the simple interest if ₹21400..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹53.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The difference between the compound interest (compounded annually) and the simple interest if ₹21400..." for Mathematics - Previous Year Paper 2026. The correct answer is Option D: ₹53.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.