alleryStart learning →At 10% a year on Rs 5,000 for 2 years, compound interest exceeds simple interest by?
ARs 50
BRs 100
CRs 500
DRs 25
Answer & Solution
Correct answer: A. Rs 50
Compound interest is 1,050 (500 + 550) against simple interest of 1,000, a gap of Rs 50.
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