The difference between the simple interest and compound interest (comp – McqOptions

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1.	The difference between the simple interest and compound interest (compounded annually) on Rs. 40,000 for 3 years at 8% per annum is :
A.	Rs. 684.32
B.	Rs. 788.48
C.	Rs. 784.58
D.	Rs. 4000
Answer» C. Rs. 784.58

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