The difference between simple and compound interest on a sum of ₹ 10000 for 4 years at the rate of interest 10% per annum is

CA Foundation · Quantitative Aptitude · MTP · January 2025
The difference between simple and compound interest on a sum of ₹ 10000 for 4 years at the rate of interest 10% per annum is
(A) A. 650
(B) B. 640
(C) C. 641
(D) D. 600

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 641

Topics: Part-A: Business Mathematics

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