The difference between compound and simple interest at 5% per annum for 4 years on ₹ 20000 is

CA Foundation · Quantitative Aptitude · MTP · April 2025
The difference between compound and simple interest at 5% per annum for 4 years on ₹ 20000 is
(A) A. ₹250
(B) B. ₹277
(C) C. ₹300
(D) D. ₹310

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹310

Topics: Part-A: Business Mathematics

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