Q. What is the difference (in Rs) between compound interest (compounded annually) and simple interest for 3 years on a principal of Rs 4000 at the rate of 30% per annum?
A) 1024
B) 976
C) 1276
D) 1188
✔ Correct Answer: 1188
Exam Insight
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A) 1024
B) 976
C) 1276
D) 1188
✔ Correct Answer: 1188
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