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Find the difference between the compound interest and the simple interest on a sum of ₹10000 at 10% per annum for 2 years, interest compounded annually. (answer in ₹)

Competition practiceSimple & Compound Interest
  • A120
  • B150
  • C100
  • D90

Step-by-Step Solution

SI = ₹2000; CI = ₹2100; difference = ₹100. (Or )
Answer: C) 100

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