The difference between the compound interest and simple interest for 3 years at 5% per annum on Rs 8,000 will be

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CollectorBabu · Accepted Answer

Correct Answer: Rs. 61. Simple interest= Compound interest  = - 8000 = 9261 &ndash; 8000 = Rs. 1261 Difference between compound and simple interest = 1261 &ndash; 1200 = Rs. 61

The difference between the compound interest and simple interest for 3 years at 5% per annum on Rs 8,000 will be

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