What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-? - MCQ Practice

Multiple Choice Question (MCQ)

Question: What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-?

A. Rs.5

B. Rs.25

C. Rs.50

D. Rs.55

Correct Answer: Rs.50

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