state gov DSSSB Junior Assistant, Steno and LDC Mock Test 2023 - 24 Quantitative Aptitude Interest Simple and Compound Both
On a certain sum of money, the simple interest for 2 years is ₹150 at the rate of 10% per annum. What is the difference between the compound interest and the simple interest for 2 years if, in the case of compound interest, interest is compounded annually at the rate of 10% per annum.
1
₹5
2
₹10
3
₹7.5
4
₹12.5