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What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
Rs. 5
Rs. 10
Rs. 20
Rs. 40
Rs. 5
Practice and solve "What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% ..." for Electrical - Economics for Engineers. The correct answer is Option A: Rs. 5. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(a) **