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What is the difference between the matur...

What is the difference between the maturity value of two deposits of Rs.5,000 each invested for 2 years (i) at 5% simple interest and (ii) at the same interest compounded annually?
A. Rs. 11.00
B. Rs. 11.50
C. Rs. 12.00
D. Rs. 12.50

A

A

B

C

C

B

D

D

Text Solution

Verified by Experts

The correct Answer is:
D
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