The difference between compound and simple interest at 5% per annum for 4 years on ₹ 20,000 is -

CA Foundation · Quantitative Aptitude · MTP · June 2024
The difference between compound and simple interest at 5% per annum for 4 years on ₹ 20,000 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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