Mathematics for FinancePYQ Jul 21Question 1226 of 422
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What is the difference (in $) between the simple interest and the compound interest on a sum of $8,000$ for $2\frac{1}{2}$ years at the rate of $10\%$ p.a. when the interest is compounded yearly?

Options

A$136.12$
B$129.50$
C$151.75$
D$147.20$
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Correct Answer

Option a$136.12$

All Options:

  • A$136.12$
  • B$129.50$
  • C$151.75$
  • D$147.20$

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