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    Question

    A sum of money grows to Rs 9,600 in 2 years when

    invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same interest rate but with compound interest instead of simple interest, how much more money would the individual receive after 2 years?
    A 80 Correct Answer Incorrect Answer
    B 85 Correct Answer Incorrect Answer
    C 75 Correct Answer Incorrect Answer
    D 58 Correct Answer Incorrect Answer
    E 100 Correct Answer Incorrect Answer

    Solution

     

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