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What will be the difference between the simple interest and the compound interest at 5% per annum for 2 years on principal of Rs. 2000?
Rs. 5
Rs. 10.5
Rs. 4.5
Rs. 5.5
Rs. 5
Practice and solve "What will be the difference between the simple interest and the compound interest at 5% per annum fo..." 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) **