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What is the difference (in Rs) between t...

What is the difference (in Rs) between the compound interest (compounded annually) and simple interest for 3 years on a principal of Rs 2500 at the rate of 30% per annum is:
(a)742.5
(b)624.5
(c)714.5
(d)825.25

A

742.5

B

624.5

C

714.5

D

825.25

Text Solution

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The correct Answer is:
A
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